Blue Wave Hits Virginia, Lots of New Faces in Local Politics

There was a blue wave in the Commonwealth of Virginia on Election Night 2025 with Democrats coasting to victory all across the state, a strong shift after last year’s swing to the right with the election of Donald Trump. Abigail Spanberger easily defeated Winsome...

Median price dips for first time in over two years

Could the region finally see a stop to ever increasing home prices?  September statistics show that it’s possible the tide is turning and that prices will finally cool after more than six years of consistent price growth.  September of 2025 saw prices dip across the...

Prices up again in August as pace of sales continues to slow

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 August increased more than 5%, going from $461,500 last August to $485,750 this year.  While prices continued...

FAAR Endorses Candidates for Public Office

The Fredericksburg Area Association of REALTORS® (FAAR) announces endorsements for local Board of Supervisors and City Council races on the ballot for the November 4th general election.  The endorsed candidates represent areas throughout FAAR’s service territory...

Area median home price sets record in July

The regional median home price was up again in July, despite anecdotal information from area Realtors® that they are seeing a slower pace of sales.  The median home price for July came in at a record setting $490,000, up 3% year-over-year compared to $473,740 last...

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