News and Resources for the Public
REALTORS® aren’t just real estate licensees. REALTORS® go above and beyond by holding themselves to the high standards of the REALTOR® Code of Ethics while providing local area expertise. REALTORS® help their clients navigate risk, avoid pitfalls, and obtain results with integrity, professionalism, and dedication.
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2024 Housing Market Sees Cautious Buyers and Sellers Amid High Prices and Low Inventory
“The Fredericksburg area real estate market in 2024 was marked by constrained inventory, making it a challenging year for buyers and sellers alike,” comments 2025 FAAR President Lauren Tate. “Buyers faced intense competition, rising interest rates, and affordability...
2024 REALTORS® Consumer Advocacy Outreach Program Results
In 2024, FAAR received a $30,000 National Association of REALTORS® Consumer Advocacy Outreach Program grant to conduct a public awareness campaign on the importance of housing affordability. The campaign included a landing page showcasing local market data and...
November real estate market picked up steam
As 2024 draws to a close, the Fredericksburg regional housing market saw big increases in median price and units sold, while active listings continue to slowly expand. Total sold dollar volume increased a whopping 46% in November, coming in at approximately $244...
City of Fredericksburg considers expanding housing affordability
The City of Fredericksburg is hosting a public hearing and potential final vote on the affordable housing project, Jeremiah Community, proposed by Micah Ecumenical Ministries. Micah Ministries is looking to build 100+ affordable units off Fall Hill Avenue and the...
Volunteers needed for the Annual Candlelight Tours
Volunteer for the Candlelight Tours & receive discounted tickets! Dec. 14th and 15th in downtown Fredericksburg Break out your favorite holiday sweater & be a part of something big this holiday season! The Candlelight Tours is a long-standing tradition...
Price, Inventory Up as Units Sold Remains Steady
The regional median home price was up year-over-year for the 18th month in a row this October, though at a lower percentage than many previous months. The median sold price settled at $455,000 in October of 2024 compared to $440,000 in October of 2023, representing a...
Spotsylvania County Sees Big Home Price Jump Amid Normalizing Conditions
The regional median home price was up yet again in September continuing a streak of 17 straight months of regional home price appreciation. The median sold price settled at $472,000 in September of 2024 compared to $435,000 in September of 2023, representing a nearly...
FAAR Technology & Communications Committee Presents an Electronics Recycling Drive: Make a Difference with Tech for Troops!
Mark your calendars for an exciting opportunity to give back and help the environment and Veterans! On Wednesday, November 13, from 11 AM to 2 PM, the FAAR Technology & Communications Committee is hosting an Electronics Recycling Drive at the FAAR office in...
Home Price Appreciation Continues Amid Normalizing Market Conditions
The regional median home price was up again in August continuing a streak of 16 straight months of regional home price appreciation. The median sold price settled at $461,500 in August of 2024 compared to $450,000 in August of 2023, representing a nearly 3%...
No End In Sight to Continued Price Increases
The regional median home price was up again in July, with most localities seeing increases. The median sold price settled at $473,740 this month compared to $462,450 in July of 2023, representing a more than 2% year-over-year increase. Despite persistent high...
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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