The Fredericksburg Area Association of Realtors® (FAAR) is pleased to release the latest housing market statistics to keep our community informed on local trends in home sales, prices, and inventory.

Selina Bryant, FAAR Director, provides the following comments on the current market.

“The market this year kicked off hot.  Many buyers rushed to the housing market to get ahead of a more competitive spring and summer market.  The month of February seemed busier than the last couple of years due to inventory increases but also new grant availability from Virginia Housing.  Buyers are beginning to accept that interest rates may not improve significantly in the near term. As a result, many are choosing to move forward now to get ahead of rising home prices and the possibility of fewer seller concessions once the market reaches its peak season and shifts back toward a more seller-friendly environment.”

The Fredericksburg Area Association of Realtors® (FAAR) is pleased to release the latest housing market statistics to keep our community informed on local trends in home sales, prices, and inventory.

Matthew Rathbun, FAAR President, provides the following comments on the current market.

“We’re still leaning seller-friendly, but the tide’s shifting a bit.  Buyers now have a little more breathing room to make thoughtful decisions, and we’re inching closer to a more balanced market.”

The Fredericksburg Area Association of Realtors® (FAAR) is pleased to release the latest housing market statistics from both December and full year 2025 to keep our community informed on local trends in home sales, prices, and inventory.

Denise Smith, FAAR Treasurer, provides the following comments on the current market. 

“December was a busy month. Buyers were able to “shop” available inventory and negotiate some great deals, while sellers have begun adjusting to a slight shift in the market. Homes that were truly move-in ready and had major systems recently updated tended to sell more quickly than those needing improvements. 

Inventory slowed toward the end of the year, but I expect that to change over the next two to three months. Overall, I believe the 2026 market will be stronger than 2025. Buyers should remain in the driver’s seat, though pricing is likely to stay stable—or even creep up slightly—as more inventory comes on the market by the end of the first quarter.”

The regional housing market demonstrated significant softness this November with falling sales and total sold volume along with stagnant price appreciation.  Median price didn’t budge from last year, again coming in at $465,000 across the region.  Units sold dropped nearly 13% with 451 sales in November of 2024, compared to 393 this year.  That translated into a more than 17% decline in total sold dollar volume with approximately $201.4 million in sales in November of this year compared to nearly $244 million last year. 

“‘The month of November started off strong for buyers, with sellers gradually adjusting to the shifting market—namely, buyers requesting concessions such as closing costs, repairs, and more,” states FAAR Board of Director Member Denise Smith.  “Sellers are beginning to recognize that buyers are now in the driver’s seat, something we haven’t seen in several years. In our area, the market is still active, especially for homes that are updated and show-ready.”

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 19% up to 37 days this November compared to 31 days last year. 

Inventory continued to grow in November, finishing out the month with 1,202 active listings compared to 943 last year, a 27% increase.  New listings were down 8% from last year with 425 homes coming on the market in November of 2024 compared to 391 this past month.  New pending sales were a bright spot this month, posting a more than 18% increase, with 434 pending contracts compared to 367 last year. 

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.”

The regional median home price was up again in July, despite anecdotal information from area Realtors® that they are seeing a slower pace of sales.  The median home price for July came in at a record setting $490,000, up 3% year-over-year compared to $473,740 last July.  Units sold also surpassed last July with 543 homes changing hands this year compared to 527 in 2024, a 3% increase.  Sold dollar volume was up over 11% posting nearly $298.9 million in volume, compared to $268.4 million in July of 2024. 

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 12% up to 28 days this July compared to 25 days last year. 

Inventory was up again, finishing out the month with 1,226 active listings compared to 912 last year, a more than 34% increase.  New listings were up a scant 0.31% from last year with 639 homes coming on the market in July of 2024 compared to 641 this year.  New pending sales were up about 1% in the last month, with 542 pending contracts compared to 538 last July. 

“As we’ve seen an influx of inventory available, the conversation with my sellers has shifted,” states FAAR Board of Director Rachel Flynn.  “We are discussing longer days on market to be expected and the need for flexibility and openness as we receive feedback.  In addition to the already popular below $500,000 buyer pool, I’ve noticed a rise in buyer activity in the above $500,000 to $650,000 price range. With news from local lenders of a small recent rate drop and talk of lower rates to come in the cooler season, I’ve been answering more incoming questions and inquiries about whether now is the right time to buy. With inventory steady and buyers ramping up, it seems we are going to have a strong fall and winter season in our local real estate market.”