The local housing market started the year out with a bang, racking up year-over-year increases in units sold and total dollar volume for the first time in nearly two years. January closed with approximately $153 million in total sales volume, an almost 8% increase...
The local housing market finished the year with low inventory, high prices, and falling demand, trends that started in 2022 and accelerated throughout 2023. “The real estate market in the Fredericksburg area saw a continuation of low inventory issues in 2023,” states...
The Fredericksburg Area Association of REALTORS® (FAAR) celebrated the installation of its 2024 Board of Directors at Stevenson Ridge on December 7, 2023. The Association under the leadership of 2023 President Carol Sondrini of Berkshire Hathaway HomeServices PenFed...
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...
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...
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%...
