News and Resources for the Public
Local Home Prices Up Big in November
While some normalcy continues to return to the market, prices increased significantly in November with the area housing market flirting with a $400,000 median price. Total sold dollar volume increased by 22% fueled by a more than 16% rise in median sold price and a...
Fredericksburg-area Home Sales Slow Slightly in October
The Fredericksburg-area real estate market showed indications of cooling with the first year-over-year decline in units sold since the start of the pandemic. Units sold posted a more than 3% decline this October versus last year with 736 home sales in 2021 compared...
FAAR Releases Q3 Housing Report
As the third quarter of 2021 came to a close, the regional real estate market saw a 13% increase in median price, 187 more home sales than the same time last year, and a 28% increase in active listings from a year ago. Get all the details along with great graphics for...
More Normalizing in the Fredericksburg-area Real Estate Market
The local real estate market continues to experience high transaction volume, inventory challenges, and rising prices, but those increases are moderating and significantly more inventory is available for buyers. As summer faded into early fall, inventory was up a...
2022 Board of Directors Election Results
2022 FAAR Board of Directors announced Election Results 2022 Leadership Electronic balloting began August 17, ended September 15 at noon Results were announced at a general membership meeting after the virtual education originally scheduled for the FAAR trade show. ...
Fredericksburg-Area Real Estate Market Continues to Normalize
While it’s not a buyer’s market yet, the Fredericksburg-area housing market continues to show indications of normalizing. August still posted very robust market numbers, but that is tempered by rising supply and slight reductions in future demand. Sold dollar volume...
Technology Committee investigates Broadband Coverage and Developments in Fredericksburg Area
Broadband coverage has become increasingly important for area residents. The FAAR Technology committee has been hard at work interviewing the various jurisdictions on current broadband progress. There is no simple solution or easy answer to say when areas will have...
Local Real Estate Market Appears to be Normalizing
The frenetic real estate market of the last 14 months seems to show signs of slowing down just a bit. “Maybe it was the hazy, hot and humid days or the influx of sellers hoping to capture the "hot" market, or maybe it was buyers who decided this sellers’ market...
Read the FAARside newsletter for real estate updates and more!
Your copy of the August Newsletter, the FAARside is here! Crack open a copy for updates on local real estate and so much more! Inside you will find Farewell message from retiring CEO, Pat Breme 2022 Leadership candidate bios Message from the 2021 FAAR President,...
Summer Selling Season is in Full Swing
The summer selling season is in full swing in the Fredericksburg area with June real estate statistics blowing the record-breaking 2020 out of the water. Total sold dollar volume increased by 29% fueled by a more than 17% rise in median sold price and a more than 10%...
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