News and Resources for the Public
Celebrating Excellence: FAAR Honorees Shine at the 2023 Virginia REALTORS® Awards Event
Wednesday's Virginia REALTORS® awards event in Richmond was a night to remember, filled with excitement and celebration. We are thrilled to announce and congratulate our very own Fredericksburg Area Association of REALTORS® (FAAR) members who received well-deserved...
Regional Housing Market Shows No Signs of Price Cooling
The regional median home price was up again in August, with every locality seeing increases. The median sold price settled at $450,000 in August of 2023 compared to $427,000 in August of 2022, representing a nearly 6% year-over-year increase. Units sold were down...
The 2023 Affiliate Directory is available for viewing
Flip through the directory to see all of FAAR's affiliate members organized A to Z by company and also by service in the annual directory. Not only will this guide you to some of the best companies in the local area, but the directory also contains committee contacts,...
REALTOR® Cereal Drive returns this October
The REALTOR® Cereal Drive is back!2022 was an amazing year for the annual REALTOR® cereal drive. Help us beat our 2022 numbers and reach the 2023 goal of 20,000 boxes, all of which go to local area food banks! Use the cereal drive as a way to reconnect with your...
Regional Sales Price Keeps Increasing
The regional median home price was up again in July, with all but one locality seeing increases. The median sold price settled at $462,450 this month compared to $438,200 in July of 2022, representing a nearly 6% year-over-year increase. Units sold were down 20%,...
Regional Housing Market Holds Steady as Summer Season Kicks Off
The regional median home price was up again in June, with all but one locality seeing increases. The median sold price settled at $450,000 this month compared to $441,000 in June of 2022, representing a 2% year-over-year increase. Units sold were down 16%, coming in...
Realtor® Survey Shows Strong Demand for Housing in Walkable Communities
Research produced by the National Association of Realtors® shows a persistent demand for walkable communities, including the following findings: When asked if deciding today where to live: 79% said being within an easy walk of other places and things, such as shops...
Median home price swings back up in May
The regional median home price was up in May, but individual localities saw wins and losses in the price department. The median sold price settled at $454,950 this month compared to $436,000 in May of 2022, representing a 4% year-over-year increase. Units sold were...
Are you taking advantage of all Bright has to offer?
Are you taking advantage of all Bright has to offer? Recently, Bright added tools and features to help you provide even more value to your clients through your MLS subscription. Stand out from the competition and win new clients. Make the most of your MLS subscription...
Is the local real estate market turning a corner?
Could the region finally see a stop to ever increasing home prices? April statistics show that it’s possible the tide is turning and that prices will finally cool after months of plummeting demand and high interest rates. April of 2023 saw prices dip across the...
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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