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Area median home price sets record in July
The regional median home price was up again in July, despite anecdotal information from area Realtors® that they are seeing a slower pace of sales. The median home price for July came in at a record setting $490,000, up 3% year-over-year compared to $473,740 last...
Regional home prices tick up again
The regional median home price was up again in June, with all but two localities in the FAAR footprint seeing increases. The median sold price settled at $480,000 this month compared to $474,093 in June of 2024, representing a 1% year-over-year increase. Units sold...
Local real estate market sends mixed signals in May
The local real estate market in May continued to post higher rates of inventory than in the past, but also posted the highest median price ever on record. May saw the month close out with a chart-topping median price of $489,900 compared to $474,000 a year ago, a...
Prices continue to rise amid expanding inventory and fewer sales
The local real estate market continued to see rising prices against a backdrop of expanding inventory and fewer sales than a year ago. The median price for April increased nearly 3%, going from $450,000 last April to $462,000 this year. While prices continued to...
Local Real Estate Market Sees a Strong Start for the Spring Market
March kicked off the spring market with a strong showing, despite the challenging economic and workforce headwinds facing the region. Median sold price was up nearly 6% year-over-year, coming in at $475,325 in March of 2025 compared to $449,949 last year. Total sold...
Update on King George Downzoning
The King George County Board of Supervisors appointed a subcommittee, the Zoning Ordinance Text Amendment Committee or ZOTAC, to review options for managing growth in the County including the Board's original proposal for a drastic downzoning in the County that would...
Local Real Estate Prices Continue to Rise Despite Uncertainty
The February real estate market continued the trend of increasing prices paired with varying demand across the local footprint. The regional median price soared nearly 6% in February of 2025, coming in at $460,000 compared to $435,000 last year. While prices remained...
FAAR Sends Letter of Concern on King George Septic Issue
It has recently come to our attention that Stafford County is no longer accepting wastewater from King George County, forcing local citizens to pay higher costs to have their septic systems pumped or inspected. Since there is no wastewater processing capacity for...
2025 Local Real Estate Market Starts With Rising Prices Amid Uncertainty
The local real estate market kicked off 2025 with higher prices and total sold volume, but slightly fewer sales and a lot more homes on the market against a backdrop of uncertainty with the potential for major changes in the federal workforce. Total sold dollar...
3 Reasons You & Your Clients Should Be Using Nestfully
Connect with your clients like never before—and deliver real value to them at the same time—in the MLS-fueled, collaboration-forward real estate app you’ve been waiting for. You and your clients are in this together. Why not work like a team? The new Nestfully app...
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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