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Events and opportunities you can get involved inREALTORS® Raise Nearly $13,000 for Local Housing Assistance Through Back-to-Back Fundraisers
The Fredericksburg REALTORS® Foundation and Young Professionals Network (YPN) of the Fredericksburg Area Association of REALTORS® (FAAR) turned two fun-filled fall events into meaningful community impact, raising nearly $13,000 in one weekend to be granted out to local housing charities.
The fundraising began on Friday, October 10, with the annual Par for FAAR Foundation Charity Golf Tournament at Augustine Golf Club. REALTORS®, affiliates, and community sponsors enjoyed a day on the course while raising funds to help local families facing housing insecurity.
The giving spirit continued Saturday, October 11, as YPN hosted its popular Cheers for Charity Pub Crawl, visiting three favorite downtown Fredericksburg locations. The crawl alone raised $1,755 for the Foundation.
“The REALTOR® community really showed up this weekend,” said Jenn Burton, President of the Fredericksburg REALTORS® Foundation. “Between the Golf Tournament and the Pub Crawl, we proved that making a difference doesn’t have to be complicated — it can be fun, social, and deeply rewarding.”
The Fredericksburg REALTORS® Foundation provides emergency housing assistance and financial support to local nonprofit organizations that serve area residents in need.
FAAR extends heartfelt thanks to all sponsors, participants, and venues who made these events possible. Together, REALTORS® continue to demonstrate their commitment to helping neighbors find — and keep — a place to call home.
📸 Photos from the Golf Tournament are available at: PAR for FAAR – Fredericksburg Area Association of Realtors – FAAR
📸 Photos from the Pub Crawl are available at: https://www.facebook.com/media/set/?vanity=FAARYPN&set=a.1410262737775862
Median price dips for first time in over two years
Could the region finally see a stop to ever increasing home prices? September statistics show that it’s possible the tide is turning and that prices will finally cool after more than six years of consistent price growth. September of 2025 saw prices dip across the region for the first time since April of 2023. The median sold price settled at $462,500 this month compared to $472,000 in September of 2024, representing a small 2% year-over-year decline. Despite the decline in median price, total sold dollar volume was still up 1% with approximately $234.7 million in transactions posting this September compared with approximately $232.3 million last year.
While the regional median price drop this September is notable as only the second month since early 2019 that the market has seen any price drops, the decreases were not evenly distributed across all jurisdictions. Only Orange and Spotsylvania counties saw price dips while all other counties saw year-over-year price growth. Caroline County notably experienced its highest median price point ever at $405,000, a 13% increase in price from last September.
Days on market, the time it takes from when a listing enters the market until it receives a ratified contract and is removed from active status on the multiple listing service, increased 21% up to 41 days this September compared to 34 days last year.
Inventory continued to grow in September, finishing out the month with 1,333 active listings compared to 917 last year, a 45% increase. New listings were up more than 11% from last year with 529 homes coming on the market in September of 2024 compared to 586 this past month. New pending sales were down 6%, with 448 pending contracts compared to 477 last September.
FAAR Board of Director Phillip Blake comments, “September continued August’s trend with signs of a normal fall market. Increasing inventory has given buyers more options, allowing them to search patiently while negotiating contingencies that offer them protection as they perform their due diligence. We continued to see sellers offering price improvements, as well as seller paid concessions. There seems to have been an increase in buyer activity toward the end of September coinciding with lower interest rates. All in all, September continued a welcoming trend towards normalcy returning to our market.”
Interested in mentoring students for a future in real estate? Spotsylvania wants to hear from you!
Spotsylvania County Public Schools are seeking mentors to be part of an exciting opportunity by hosting a high school student for a 40-hour field experience (job shadow).
This experience allows students to explore career paths, gain insight into the industry, and begin building a professional network. For your business, it’s a chance to connect with future talent and give back to the community by supporting workforce development.
If you’re interested in serving as a mentor and have access to the required office space (no home offices allowed), then please use the information on the flier below to reach out directly to the school system.
Meet FAAR’s endorsed candidates for the November 4 election!
Each election cycle, members of FAAR’s Public Policy Committee invite candidates for local public office in for an interview to both get to know that candidate and to evaluate them for potential endorsement. An endorsement typically involves a financial contribution with verbal support for that individual. That information is then shared with our members.
We make candidate endorsements to help our members identify leaders whose values, qualifications, and policy positions align with our mission. Endorsing candidates allows us to amplify voices we believe will best represent our members’ interests and make informed decisions on key issues.
We understand that our members make their own choices on who to vote for and that many factors influence that decision. If your real estate business is an important part of your decision-making process, we encourage you to support the following slate of candidates.
David Cropper, Realtor®
City of Fredericksburg, City Council Ward 1
David is a lifelong City resident, a local business owner, and a FAAR Realtor® member! David is committed to seeing expanded workforce housing in the City, better pay for teacher retention, and is eager to work with his fellow Realtors® to address housing needs in the City.
Joy Crump
City of Fredericksburg, City Council Ward 2
Joy is the owner of beloved Fredericksburg restaurant, Foode, and has a deep understanding of the challenges facing both local businesses and their workforce. She’s focused on expanding housing options for local citizens like her employees and helping to usher the City into the future.
Susanna Finn
City of Fredericksburg, City Council Ward 3
Susanna has chosen the City as her home and is raising a young family while being highly engaged in the local community. She has a deep commitment to historic preservation while also balancing that with encouraging growth that will help bring some affordable options to market. She has a deep knowledge of the City, having both lived and worked locally, and is committed to seeing responsible development into the future.
Chuck Frye
City of Fredericksburg, City Council Ward 4
Chuck is a champion of homeownership and will fight for smaller units that local residents can afford. He is very focused on ensuring the success of local youth through education and other opportunities and always welcomes engagement with local Realtors®.
Baron Braswell
Spotsylvania County Boad of Supervisors, Battlefield District
Baron served on the County School Board and has a deep knowledge and understanding of the County. He’s opposed to onerous government mandates and believes in providing incentives to produce more affordable units for local residents.
Kevin Marshall
Spotsylvania County Boad of Supervisors, Berkeley District
Kevin has a long history in Spotsylvania County and has been a true supporter of Realtors® throughout his tenure on the Board of Supervisors. He understands the value of real estate to the local economy and is always willing to sit down and disuss issues of importance with FAAR members.
Kecia Evans
Stafford County Board of Supervisors, Falmouth District
Kecia is a 10-year resident of the County with 4 children who have graduated from the public school system. She is currently serving as a Planning Commissioner and has a deep working knowledge of the growth and housing affordability challenges facing the County. She is eager to work with Realtors® and to serve the County.
Need information on where and how to vote? Download the Virginia Voter Pocket Guide for full details on voting including deadlines and where to vote. Early voting starts September 19 so make your plan to vote today!
Prices up again in August as pace of sales continues to slow
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 August increased more than 5%, going from $461,500 last August to $485,750 this year. While prices continued to climb, the pace of sales continued to slow compared to last year. There were 491 homes transacted this August compared to 531 last year, representing a nearly 8% year-over-year decrease from August of 2024. That decline in sales led to a slight decrease of not quite 1% in total sold dollar volume, posting approximately $266.6 million in sales activity this year compared to $267.7 million last August.
“As we move into the autumn season, the Fredericksburg housing market is showing its usual signs of slowing, with more listings coming online and prices holding steady,” states FAAR President-Elect Matthew Rathbun. “Sellers aren’t seeing the rapid pace of sales we’ve had in recent years, but the market remains balanced and healthy. Buyers, meanwhile, are enjoying a bit more breathing room in their search and are watching interest rates closely, hopeful that future drops could expand their options. Overall, we’re in a period of stabilization rather than sharp swings, which is good news for long-term market confidence.”
Days on market, the time it takes from when a listing enters the market until it receives a ratified contract and is removed from active status on the multiple listing service increased 4% going from 26 days last August to 27 days this year.
Active listings continued to expand in August with a 37% year-over-year increase from 2024. There were 944 homes on the market at the end of last August and that has ballooned to 1,295 homes active at the end of this August. New listings were up nearly 21% with 689 homes coming onto the market compared to 570 in August of last year. Even with all of the new selection on the market, new pendings were up a scant 1% with just a handful more under contract properties this August compared to last year. August of 2024 saw 495 new pending contracts while this year posted 502.
2026 FAAR Board of Directors announced
Rachel Flynn
Allison Graves
Sheronica Thompson
Affiliate Director
FAAR Endorses Candidates for Public Office
The Fredericksburg Area Association of REALTORS® (FAAR) announces endorsements for local Board of Supervisors and City Council races on the ballot for the November 4th general election. The endorsed candidates represent areas throughout FAAR’s service territory including the counties of Stafford and Spotsylvania, and the City of Fredericksburg.
“As active members of our local communities, REALTOR® and affiliate members of FAAR have a strong interest in this year’s elections. I am pleased with the impressive slate of candidates that FAAR has endorsed. If elected, these individuals will contribute much to our local communities by working to address issues like lack of available housing supply, traffic congestion, and infrastructure improvements,” stated FAAR’s 2025 Public Policy Committee Chair Tamar Myers-Moffatt. “FAAR strongly supports each of the candidates endorsed for public office and looks forward to working with these individuals at the local level. The real estate industry is an integral part of our local economy, and it is vital that REALTORS® help elect candidates who understand those connections and are willing to work with our industry on issues of importance.”
FAAR has endorsed the following candidates:
City of Fredericksburg
David Cropper, Realtor® (City Council, Ward 1)
Joy Crump (City Council, Ward 2)
Susanna Finn (City Council, Ward 3)
Chuck Frye (City Council, Ward 4)
Spotsylvania County
Baron Braswell (Board of Supervisors, Battlefield Distrct)
Kevin Marshall (Board of Supervisors, Berkeley District)
Stafford County
Kecia Evans (Board of Supervisors, Falmouth District)
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 July. Units sold also surpassed last July with 543 homes changing hands this year compared to 527 in 2024, a 3% increase. Sold dollar volume was up over 11% posting nearly $298.9 million in volume, compared to $268.4 million in July of 2024.
Days on market, the time it takes from when a listing enters the market until it receives a ratified contract and is removed from active status on the multiple listing service, increased 12% up to 28 days this July compared to 25 days last year.
Inventory was up again, finishing out the month with 1,226 active listings compared to 912 last year, a more than 34% increase. New listings were up a scant 0.31% from last year with 639 homes coming on the market in July of 2024 compared to 641 this year. New pending sales were up about 1% in the last month, with 542 pending contracts compared to 538 last July.
“As we’ve seen an influx of inventory available, the conversation with my sellers has shifted,” states FAAR Board of Director Rachel Flynn. “We are discussing longer days on market to be expected and the need for flexibility and openness as we receive feedback. In addition to the already popular below $500,000 buyer pool, I’ve noticed a rise in buyer activity in the above $500,000 to $650,000 price range. With news from local lenders of a small recent rate drop and talk of lower rates to come in the cooler season, I’ve been answering more incoming questions and inquiries about whether now is the right time to buy. With inventory steady and buyers ramping up, it seems we are going to have a strong fall and winter season in our local real estate market.”
2026 REALTOR® Dues Renewal Information – How to Renew Your Membership
Stay connected. Renew your REALTOR® membership today!
Thank you for being a member of FAAR, where we take pride in our professional level of service and a unique sense of belonging in the community. To continue to meet our Strategic Plan goals, we made the difficult decision to increase local dues. Up until now we have been able to absorb increased costs to manage the association, and we have not had a dues increase since 2009 – sixteen years ago. But in order to continue to serve the membership we found it necessary to make this modification.
We remain committed to delivering exceptional value and supporting your business in a dynamic real estate market. Thank you for your continued membership.
See what your membership delivers— View the breakdown here.
Explore your exclusive member benefits here.
REALTOR® Dues for 2026 ($799.00)
NAR Dues ($201)
Virginia Realtors® Dues ($203)
FAAR dues ($365)
Voluntary RPAC Fair Share ($30)
Deadlines
December 15: Last day to pay dues without a late fee
December 16-31: $100 late fee assessed
December 31: Last day to pay dues and late fee
January 1: Membership inactive; pay dues and $275 reapplication fee to reinstate membership
Login Information
Login at faarmembers.com/myaccount to pay your dues for FAAR, VR, and NAR.
Click here to look up your username or reset your password if needed. (It is recommended to use your email on file and last name only for look up)
For your protection and security, FAAR does not store your credit card data. Thus, we cannot automatically process your payment or accept partial payments.
Sample Ballot for the 2026 FAAR Board of Directors Slate of Candidates and Candidate Campaign Videos
Slate of Candidates- 2026 Leadership
Electronic Voting begins August 1 at 10 AM and ends September 10 at 9:15 AM
Results will be announced on September 10th at the General Membership Meeting at the FAAR Expo (https://www.faarmembers.com/expo). The results will be communicated to the entire membership September 12.
Here are the candidates for your 2026 Board of Directors:
Officers
| President | Matthew Rathbun |
| President-Elect | Gary Gardiner, Jr. |
| Vice President | Tamar Myers Moffatt |
| Secretary | Michelle Caldwell Thompson |
| Treasurer | Denise Smith |
| Immediate Past President | Lauren Smith |
REALTOR® Director Candidates: Three (3) positions open. You may select up to three (3) on this ballot.
Denise Benedetto
Angela Carter
Nate Ferguson
Allison Graves
Sheronica Thompson
Anna Torres
Affiliate Director Candidate: One (1) position open. You may select one (1) on this ballot.
Selina Bryant
Scott Hine
Javier Sanchez
Returning Directors
Heather Ferris
Jennifer Caison
Rachel Flynn
From Section 8a. of the Bylaws
“Additional candidates for the offices to be filled may be placed in nomination by signed petition of at least twenty percent* of the REALTOR® members. The petition shall be filed with the Secretary (via Chief Executive Officer pbrowning@faarmembers.com) by August 26, 2025. The Secretary shall send notice of such additional nominations to all REALTOR® members before the election.”
*(As of 7/23/2025 there are 1653 REALTOR® members. 330 names are needed to complete the petition requirement)
REALTOR® Members can log in to vote from 8/1 to 9:15 AM on 9/10 at https://vote.electionrunner.com/election/226Jc
Your voter ID is your M1(NRDS) number.
Your voter key is your M1(NRDS) number.