Median housing price increases rebounded again in October after just one month of year-over-year decreases in September. Median price was up over 3% in October 2025, coming in at $469,900 compared to $455,000 last October. Units sold were also up over last year with 426 properties changing hands in October versus 404 last year, a more than 5% year-over-year increase. These two factors fueled a 5% increase in total sold dollar volume with October posting approximately $212.9 million in sales compared to $202.6 million in October of 2024.
This is against a backdrop of continually rising inventory and lengthening days on market. Active listings posted a significant annual increase with 43% more listings available this October than last. There were 969 active listings at the end of October in 2024 compared to 1,382 at the end of this October. Active listings have posted monthly year-over-year gains for almost two years now and the market has exceeded 1,000 homes since April of this year, providing significantly more choice and options for would-be buyers.
Days on market, the time it takes from when a listing enters the market until it receives a ratified contract and is removed from active status on the multiple listing service, increased 26% up to 34 days this October compared to 27 days last year.
Despite more varied options for buyers, new pending sales were down nearly 4% this October with 463 new pending contracts compared to 481 last October. New listings were up 8% with 615 homes coming onto the market this October compared to 569 last year.
FAAR Board of Director Michelle Caldwell Thompson comments, “Optimism may return to the market this fall as we anticipate the federal government’s full reopening. The temporary pause in activity created a bit of pent-up demand, especially among buyers who were waiting on the sidelines for stability and clarity. We’re beginning to see renewed inquiries, increased showing activity, and a lift in consumer confidence. Sellers who remain realistic on pricing are benefiting from motivated buyers eager to take advantage of easing rates and expanded inventory. As these buyers re-engage, the next few weeks could bring a steady and encouraging close to the year — a positive sign of momentum returning to the Greater Fredericksburg market.”
