The local housing market showed surprising price growth in March despite persistent year-over-year demand decreases. Median price was up nearly 8% year-over-year coming in at $449,949 this March compared to $420,000 last year. Total sold volume remained static from...
Please see below for an update on an issue that the builders are tracking that could impact property owners trying to subdivide their lots. Spotsylvania County is looking to amend its subdivision ordinance that currently allows 1 division per year for up to 6 total...
The February real estate market continued the trend of increasing prices and falling demand, but also showed some promising signs for the those waiting for more inventory with a slight increase in active listings and a large increase in new listings compared to last...
The local housing market started the year out with a bang, racking up year-over-year increases in units sold and total dollar volume for the first time in nearly two years. January closed with approximately $153 million in total sales volume, an almost 8% increase...
The local housing market finished the year with low inventory, high prices, and falling demand, trends that started in 2022 and accelerated throughout 2023. “The real estate market in the Fredericksburg area saw a continuation of low inventory issues in 2023,” states...
As 2023 draws to a close, the Fredericksburg regional housing market is experiencing much of the same as the last few months. Prices continue to rise against a backdrop of falling demand, stubbornly low housing supply, and volatile interest rates. Total sold dollar...
