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...
FAAR recently sent a letter to the Spotsylvania County Board of Supervisors expressing concerns about potential changes to the Annual Exempt Subdivision ordinance. President Randy Walther expressed concerns about reducing the number of allowable lots for annual...
The spring housing market is off to a swift start with April numbers posting considerable increases in units sold and total sold dollar volume coupled with modest price appreciation compared to April of 2023. Median home prices were up 3% from last year, settling at...
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...
