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...

Local Real Estate Market Sees a Strong Start for the Spring Market

March kicked off the spring market with a strong showing, despite the challenging economic and workforce headwinds facing the region.  Median sold price was up nearly 6% year-over-year, coming in at $475,325 in March of 2025 compared to $449,949 last year.  Total sold...

Update on King George Downzoning

The King George County Board of Supervisors appointed a subcommittee, the Zoning Ordinance Text Amendment Committee or ZOTAC, to review options for managing growth in the County including the Board’s original proposal for a drastic downzoning in the County that...

Local Real Estate Prices Continue to Rise Despite Uncertainty

The February real estate market continued the trend of increasing prices paired with varying demand across the local footprint. The regional median price soared nearly 6% in February of 2025, coming in at $460,000 compared to $435,000 last year. While prices remained...

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