Local real estate market sends mixed signals in May

The local real estate market in May continued to post higher rates of inventory than in the past, but also posted the highest median price ever on record.  May saw the month close out with a chart-topping median price of $489,900 compared to $474,000 a year ago, a...
Apply for the 2026 FAAR Board of Directors

Apply for the 2026 FAAR Board of Directors

Step Up. Lead Forward. Make an Impact. FAAR is now accepting applications for the 2026 Board of Directors. This is your chance to help guide the future of your association—your professional home away from home. In a time of industry change and new opportunities, FAAR...

Prices continue to rise amid expanding inventory and fewer sales

The local real estate market continued to see rising prices against a backdrop of expanding inventory and fewer sales than a year ago.  The median price for April increased nearly 3%, going from $450,000 last April to $462,000 this year.  While prices continued to...

FAAR Celebrates Success and Excellence in Real Estate

The Fredericksburg Area Association of REALTORS® (FAAR) hosted its annual Awards Banquet on April 16, 2025, at Dominion Raceway in Spotsylvania County.  This event brings together industry leaders to honor the personal and professional achievements of its members. The...

Welcome Michelle Caldwell Thompson to the FAAR Board of Directors

The Board of Directors elected Michelle Caldwell Thompson to serve as a Director when another Director needed to step down from the position.  Michelle is the broker/owner of CTI Real Estate. Michelle brings a wide breadth of expertise including significant volunteer...

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