The regional median home price was up again in August continuing a streak of 16 straight months of regional home price appreciation. The median sold price settled at $461,500 in August of 2024 compared to $450,000 in August of 2023, representing a nearly 3%...
The regional median home price was up again in July, with most localities seeing increases. The median sold price settled at $473,740 this month compared to $462,450 in July of 2023, representing a more than 2% year-over-year increase. Despite persistent high...
FAAR President Randy Walther sent a letter to the City of Fredericksburg Planning Commission in support of affordable housing efforts. Walther stressed the importance of housing affordability in fostering vibrant, thriving communities. This issue has even more...
The regional median home price was up again in June, with all but one locality in the FAAR footprint seeing increases. The median sold price settled at $474,093 this month compared to $450,000 in June of 2023, representing a more than 5% year-over-year increase. ...
FAAR has received reports from agents that some property tax payments are seeing delays in being paid by third parties working with mortgage servicers. This can lead to sellers or buyers having to pay the local property taxes for a second time and then receiving a...
The Fredericksburg-area housing market continued to march on with the conditions that have been persistent for a long time now: constrained supply, rising prices, and no end in sight. Median price soared to its highest point ever reaching $474,000 this May compared...
