According to the latest report, inventory hit 3.2 months in May. That's the first time it climbed above the three-month mark in more than a decade.Inventory is the number of months it would take for the existing housing stock to sell at the current sales rate.
They were right-- McCoy said that's one catch for buyers: while home prices aren't skyrocketing like they were during the pandemic, they're still climbing. In its report, GFAR said the median home price in Fort Worth in May was $335,907, only a 1.2% decrease from May of last year.“When there are homes that are priced right, they’re in really great move-in condition, we are starting to see multiple offers come back on those properties," McCoy said.
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