February 2023 saw more of the same in the local real estate market with falling demand, rising prices, and increasing days on market. Total sold dollar volume was down 20% coming in at approximately $158.7 million compared to nearly $200 million in February of 2022. ...
January 2023 saw demand crater compared to the highs of early 2022, but prices continued to rise with sizable jumps in nearly every locality. Units sold is the big story for this past month with more than 35% fewer homes changing hands than last year. January 2022...
2022 was a tumultuous year for the local real estate market with a fiery start to the year that began to moderate about halfway through due to rising interest rates and continued supply challenges. “The housing market always fluctuates. We had an intense seller’s...
The Fredericksburg regional housing market continues to show signs of a softening market, but prices remain stubbornly high in many jurisdictions. Total sold dollar volume took a staggering 37% drop this November coming in at approximately $193.5 million compared to...
The Fredericksburg Area Association of REALTORS® (FAAR) welcomes the 2023 Leadership Team and Board of Directors. The Association under the leadership of 2022 President Deb Ellis served more than 1,800 Realtors® working throughout the region with top-notch educational...
Local Realtors® are feeling the change in the market, but prices do not show any signs of cooling as we head into the fall months. Prices remain high and continue to climb despite moderating sales volumes. Many Realtors® report significant price reductions from...
