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...
The regional median home price was up again in June, with all but two localities in the FAAR footprint seeing increases. The median sold price settled at $480,000 this month compared to $474,093 in June of 2024, representing a 1% year-over-year increase. Units sold...
In a groundbreaking initiative to foster economic empowerment, the Fredericksburg Area Association of Realtors® (FAAR) participated in a comprehensive Financial Literacy Program called Ignite Others aimed at equipping young people with essential money management...
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...
During the 2025 National Association of REALTORS® Legislative Meetings, five members of FAAR met with Virginia’s 7th District Representative, Eugene Vindman, in Washington, D.C., to advocate for policies that will increase the housing supply and improve access...
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...
