“The Fredericksburg area real estate market in 2024 was marked by constrained inventory, making it a challenging year for buyers and sellers alike,” comments 2025 FAAR President Lauren Tate. “Buyers faced intense competition, rising interest rates, and affordability...
As 2024 draws to a close, the Fredericksburg regional housing market saw big increases in median price and units sold, while active listings continue to slowly expand. Total sold dollar volume increased a whopping 46% in November, coming in at approximately $244...
The City of Fredericksburg is hosting a public hearing and potential final vote on the affordable housing project, Jeremiah Community, proposed by Micah Ecumenical Ministries. Micah Ministries is looking to build 100+ affordable units off Fall Hill Avenue and the...
The regional median home price was up year-over-year for the 18th month in a row this October, though at a lower percentage than many previous months. The median sold price settled at $455,000 in October of 2024 compared to $440,000 in October of 2023, representing a...
The Fredericksburg Area Association of REALTORS® (FAAR) is pleased to announce the great success of this year’s cereal drive, showcasing the dedicated efforts of its REALTOR® and Affiliate members. Together, members and supporters rallied to collect 6,603 boxes of...
The regional median home price was up yet again in September continuing a streak of 17 straight months of regional home price appreciation. The median sold price settled at $472,000 in September of 2024 compared to $435,000 in September of 2023, representing a nearly...