Local real estate market sends mixed signals in May

The local real estate market in May continued to post higher rates of inventory than in the past, but also posted the highest median price ever on record.  May saw the month close out with a chart-topping median price of $489,900 compared to $474,000 a year ago, a...

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...

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...

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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