News and Resources for the Public
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May Sees Continued Strength in Local Real Estate Market
May posted strong numbers indicating that the spring selling season is well underway. Total sold dollar volume increased 15%, settling at approximately $224.5 million in May of this year, compared to $195.2 million in May of 2018. Units sold increased...
April Brings Strong Start to the Spring Selling Season
The lackluster first quarter start to the 2019 real estate market gave way to a stronger April, notes FAAR Board of Director Phillip Blake. “Lower interest rates have helped push buyers off the fence and into the market, with some consumers choosing to...
NEW PRODUCT! Q1 Fred Area Home Sales Report
FAAR is debuting an exciting new product this quarter...our very first Virginia Home Sales report specifically for the Fredericksburg region! Compiled by the new Chief Economist at the Virginia Realtors®, Dr. Lisa Sturtevant, this report is...
FAAR Hosts Legislative Reception with Chamber
FAAR and the Chamber hosted a joint legislative reception on Wednesday, April 17 at the 718 Venue in downtown Fredericksburg. Several legislators were in attendance including Senator Bryce Reeves, Delegate Bob Thomas, Delegate Buddy Fowler, and Delegate...
March Sees Increasing Sales, Decreasing Prices
The start of spring usually ushers in the high season for the local real estate market. March numbers did not disappoint, providing a strong foundation for the market that will hopefully continue into April and beyond. “The spring market is in full...
How Do You Recognize Housing Discrimination?
Under the Fair Housing Act, It is Against the Law to:Refuse to rent to you or sell you housingTell you housing is unavailable when in fact it is availableShow you apartments or homes only in certain neighborhoodsSet different terms, conditions, or...
February Picks Up the Pace in Local Real Estate Market
While February statistics tracked fairly closely to 2018 numbers, pending sales indicate a warming in the local real estate market. Total sold dollar volume increased 2.4% in February, coming in at $106.4 million compared to nearly $103.9 million in...
January Ushers in a Sluggish Start to 2019 Real Estate Market
The 2019 real estate market kicked off with mixed results. Total sold dollar volume fell 14.5% in January, coming in at $88.961 million compared to over $104 million in January of 2018. The number of units sold decreased year-over-year over 13.7%, going...
New from Sentrilock: Homeowner Notifications
Introducing Homeowner Notifications via SMSProactively share information with your clients that will make the process of showing their home more efficient and convenient. Homeowners will benefit from knowing when a showing has begun and will be able to...
2018 Local Housing Market Posts Modest Gains
The 2018 real estate market posted gains in total sold dollar volume and median price, but saw a slight reduction in units sold. The year closed out with a total sold dollar volume of $1.925 billion which represents a 3.7% increase over the year-end...
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