Market Statistics
SmartCharts that provide up-to-date market statistics in the region.Check out the NEW Fredericksburg Area Home Sales Report!
The newest FAAR member benefit includes graphs, market narrative, and local jurisdiction data you can share with your clients.
Dashboard Gauges
Market Activity
Pricing Trends
Supply and Demand
Market News
FAAR Partners with Local Housing Non-Profits to Expand Affordable Housing Opportunities
By Kim McClellan, RCE, Public Policy DirectorOn any given day, 200 adults and children are homeless in our community. Homelessness is often a root cause of many other issues such as poor health, trouble in school, and lack of employment. No one can feel...
read moreMay Sees Continued Strength in Local Real Estate Market
May posted strong numbers indicating that the spring selling season is well underway. Total sold dollar volume increased 15%, settling at approximately $224.5 million in May of this year, compared to $195.2 million in May of 2018. Units sold increased...
read moreApril Brings Strong Start to the Spring Selling Season
The lackluster first quarter start to the 2019 real estate market gave way to a stronger April, notes FAAR Board of Director Phillip Blake. “Lower interest rates have helped push buyers off the fence and into the market, with some consumers choosing to...
read moreNEW PRODUCT! Q1 Fred Area Home Sales Report
FAAR is debuting an exciting new product this quarter...our very first Virginia Home Sales report specifically for the Fredericksburg region! Compiled by the new Chief Economist at the Virginia Realtors®, Dr. Lisa Sturtevant, this report is...
read moreMarch Sees Increasing Sales, Decreasing Prices
The start of spring usually ushers in the high season for the local real estate market. March numbers did not disappoint, providing a strong foundation for the market that will hopefully continue into April and beyond. “The spring market is in full...
read moreFebruary Picks Up the Pace in Local Real Estate Market
While February statistics tracked fairly closely to 2018 numbers, pending sales indicate a warming in the local real estate market. Total sold dollar volume increased 2.4% in February, coming in at $106.4 million compared to nearly $103.9 million in...
read moreJanuary Ushers in a Sluggish Start to 2019 Real Estate Market
The 2019 real estate market kicked off with mixed results. Total sold dollar volume fell 14.5% in January, coming in at $88.961 million compared to over $104 million in January of 2018. The number of units sold decreased year-over-year over 13.7%, going...
read moreFAAR Leadership Advocates for Priorities in Richmond
On Tuesday, January 22, 2019, a group of FAAR leadership visited our delegation of elected officials to advocate for the 2019 Virginia Realtors Legislative agenda. The group consisted of FAAR President Drew Fristoe, President-Elect Arlene Mason, Director...
read more2018 Local Housing Market Posts Modest Gains
The 2018 real estate market posted gains in total sold dollar volume and median price, but saw a slight reduction in units sold. The year closed out with a total sold dollar volume of $1.925 billion which represents a 3.7% increase over the year-end...
read moreFEMA stops issuing flood insurance policies
FEMA surprised the housing industry by issuing guidance to its insurance agents stating that they cannot issue new policies or renew existing policies through the National Flood Insurance Program (NFIP) due to the partial government shutdown. This will...
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