Tarrant County Q3 09 Local Real Estate Market Statistics

Labor Market:
Employment increased by 1,161 jobs in Tarrant County during July and August.  However, the number of job seekers also increased.  The combined effects of these two trends was an increase in the average monthly unemployment rate from 7.2% for the second quarter to 8.2% in the first two months of the third quarter.  The solid job growth may provide home sales, while historically low mortgage rates boost affordability. 

Housing Market:
                                            Q2'09                 Q3'09          Q4'09(Forecast)

Average Price                       $177,100            $178,100                Flat

# Of Homes On The Market      14,671               17,243               Increase

# Homes Sold                          4,806                 5,192                 Flat

# New Homes Built                   1,250                 1,011               Increase

Avg # Of Days On Market             78                     72                 Increase