News and Resources for the Public
2022 REALTOR Cereal Drive Returns this October
The REALTOR® Cereal Drive is back!2021 was an epic year for the annual REALTOR® cereal drive. Help us reach the 2022 goal of 18,000 boxes, all of which go to the local area food banks. Use the cereal drive as a way to reconnect with your sphere and look for...
The local housing market continues to cool
The local real estate market in June repeated its performance from May with increasing prices, falling sales volume, and growing available inventory. June closed out the month with a nearly 20% decrease in total sold dollar volume, going from approximately $434...
Has the local housing market reached its peak?
The local real estate market in May showed signs of cooling, with the largest year-over-year decline in units sold since 2017 and the first drop in total sold volume in years. While demand may be abating due to rising interest rates, inflation pressures, and economic...
FAAR on TownTalk
FAAR President Deb Ellis and Public Policy Director Kim McClellan were on 1230 WFVA's TownTalk with Ted Schubel talking about the local real estate market. The wide-ranging conversation covered the current market status, factors that led us to this point, and what...
Regional home prices continue to soar in April
The local real estate market broke more records in April of 2022 with the regional median sales price and two jurisdictions seeing all-time highs. The month closed out with a nearly 18% increase in total sold dollar volume, going from approximately $288 million in...
Regional Home Prices Continue their Meteoric Rise
Despite rising interest rates and continued stiff competition, March proved another very strong month in the local real estate market. The month closed out with a nearly 13% increase in total sold dollar volume, going from approximately $256.6 million in March of...
February real estate market breaks price record
February 2022 was a record-setting month with the area’s median price eclipsing $400,000 for the first time in history. The local market continues to be very challenging for buyers and for sellers who don’t have a well-defined next step. FAAR Board Member Michele...
Low Inventory Continues to Plague Housing Market
January 2022 continues to see the same issues that have been plaguing the local real estate market for many months, namely low supply. A lack of choice in the market coupled with steadily rising prices and a brutal blast of winter led to decreased sales in the month...
FAAR Releases 2021 4th Quarter Home Sales Report
Fredericksburg Area Association of REALTORS®Market Report Key Takeaways Economic Conditions Economic conditions in Virginia continued to improve in the fourth quarter, with broad-based jobgains and another drop in the unemployment rate. The employment picture also...
High Prices, Continued Low Supply Close Out the 2021 Housing Market
While many Realtors® have experienced moderating of the real estate market in recent months, 2021 as a whole was a more frenetic market than its record-setting predecessor of 2020. “2021 saw the trend continue of extremely low inventory coupled with very...
The term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS® and subscribes to its strict Code of Ethics.
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