November sees same trends hold in local real estate market

As 2023 draws to a close, the Fredericksburg regional housing market is experiencing much of the same as the last few months. Prices continue to rise against a backdrop of falling demand, stubbornly low housing supply, and volatile interest rates. Total sold dollar...

Prices continue to rise despite falling demand in housing market

The regional median home price was up again in October, despite shrinking demand heading into the winter season.  The median sold price settled at $440,000 this month compared to $425,000 in October of 2022, representing a nearly 4% year-over-year increase.  Units...

Inventory Low, Prices High in the Local Housing Market

The weather might be cooling off, but local home prices certainly are not.  The region’s median sold price was up nearly 4% in September coming in at $435,000 compared to $420,000 last September.  Volume of sales continues its downward trend posting a nearly 17%...

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 7th general election.  The endorsed candidates represent areas throughout FAAR’s service territory...

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