Fort Worth booms among top U.S. real estate markets for new homes, report says
The Texas new-home market is still booming — including in Fort Worth — according to a spring ranking from real estate platform Point2.
Fort Worth ranked seventh on the list of the major U.S. cities with the most new homes for sale that were built in or after 2012. It beat out Dallas, which tied for 17th.
The ranking is based on active listings from Point2, Redfin, Realtor.com, and Zillow during the last week of April. For Fort Worth, the number of new homes on the market represented a 36 percent share of all homes for sale. In Dallas, 24 percent of homes on the market are new.
Point2 calls Texas “the poster child for fresh homes for sale.”
And rightly so.
Austin is tied with San Antonio for third place among major U.S. cities with the most new homes for sale that were built in or after 2012. For Austin and San Antonio, the number of new homes on the market represented a 42 percent share of all homes for sale.
El Paso topped the list, with 51 percent of homes for sale being built in or after 2012.
Houston ranked 12th with new homes making up 31 percent of those for sale.
“The Texas cities of El Paso, San Antonio, and Austin — as well as Oklahoma City — are the only large hubs where new homes built post-2012 make up more than 40 percent of the stock for sale,” the real estate platform says.
Detroit ranked first among the country’s 50 most populated cities for the share of listings for homes built in or before 1970 (92 percent).
New York City had the highest total number of homes for sale that were built in the past decade (about 4,500), followed by Houston and San Antonio, with around 3,500 each, according to Point2.