Inventory in Stop 6 is relatively high in this rolling three-month snapshot, with 20 active listings and about 7.1 months of supply. New listings have risen sharply year over year, up nearly 35 percent, while homes sold have inched up only slightly. Pending sales are down more than 13 percent from a year ago, pointing to a slower flow of contracts despite the increased options for buyers.
Prices have been adjusting in response to these shifts. The typical home value over the period is about $167,000, down roughly 25 percent from a year earlier, even as the median list price is up nearly 10 percent year over year. That gap between what sellers ask and what buyers pay shows up in the average sale-to-list ratio, which has slipped to about 94 percent.
Homes are taking much longer to sell than they did a year ago, with median days on market jumping to 71 days compared with much faster turn times in past periods. Unlike many parts of Fort Worth, where months of supply sits closer to 4.1 months, Stop 6 has more inventory relative to recent sales, giving buyers more room to compare. Still, the broader gauge tags this as a seller’s market, so conditions can feel mixed on the ground. In this kind of evolving environment, both buyers and sellers can benefit from an Agent Pronto–recommended real estate agent who understands the Stop 6 numbers in detail.
