Inventory Low, Prices High in the Local Housing Market

The weather might be cooling off, but local home prices certainly are not.  The region’s median sold price was up nearly 4% in September coming in at $435,000 compared to $420,000 last September.  Volume of sales continues its downward trend posting a nearly 17%...

Meet FAAR’s endorsed candidates for the November 7 election!

City of Fredericksburg  Kerry Devine, MayorCity of Fredericksburg, City Council Kerry is a 20-year resident of the City and will focus on continuing the great things that have been started.  She has served on the Council for many years and is a long-time educator in...

Final Louisa County Short-term Rental Ordinance

Last Monday, October 2, the Louisa County Board of Supervisors passed short-term rental (STR) regulations on a 5-2 vote after nearly two years of debate and discussion.  The ordinance provides STR operation by-right in residential areas if certain conditions are met. ...

NFIP Set to Expire on 9/30 & Looming Government Shutdown

Here we go again…the National Flood Insurance Program is set to expire on September 30 and if allowed to lapse, that means no new or renewed policies.  This has the potential to impact real estate transactions so here are some concrete actions you can take to...

Regional Housing Market Shows No Signs of Price Cooling

The regional median home price was up again in August, with every locality seeing increases.  The median sold price settled at $450,000 in August of 2023 compared to $427,000 in August of 2022, representing a nearly 6% year-over-year increase.  Units sold were down...

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