High Prices, Continued Low Supply Close Out the 2021 Housing Market

  While many Realtors® have experienced moderating of the real estate market in recent months, 2021 as a whole was a more frenetic market than its record-setting predecessor of 2020.  “2021 saw the trend continue of extremely low inventory coupled with very...

Local Home Prices Up Big in November

While some normalcy continues to return to the market, prices increased significantly in November with the area housing market flirting with a $400,000 median price.  Total sold dollar volume increased by 22% fueled by a more than 16% rise in median sold price and a...
FAAR installs 2022 Leadership Team and presents 2021 Awards

FAAR installs 2022 Leadership Team and presents 2021 Awards

  The Fredericksburg Area Association of REALTORS® (FAAR) installed its 2022 Leadership Team in a ceremony at Stevenson Ridge on Thursday, December 9, 2021. Despite the year’s many challenges, the Association under 2021 President Carrie Danko remained committed...

Fredericksburg-area Home Sales Slow Slightly in October

The Fredericksburg-area real estate market showed indications of cooling with the first year-over-year decline in units sold since the start of the pandemic.  Units sold posted a more than 3% decline this October versus last year with 736 home sales in 2021 compared...

FAAR Releases Q3 Housing Report

As the third quarter of 2021 came to a close, the regional real estate market saw a 13% increase in median price, 187 more home sales than the same time last year, and a 28% increase in active listings from a year ago. Get all the details along with great graphics for...

More Normalizing in the Fredericksburg-area Real Estate Market

The local real estate market continues to experience high transaction volume, inventory challenges, and rising prices, but those increases are moderating and significantly more inventory is available for buyers.  As summer faded into early fall, inventory was up a...

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