Market Statistics
SmartCharts that provide up-to-date market statistics in the region.2020 1st Quarter FAAR Home Sales Report
Top story from Q1: Leading edge of COVID-19 impacts hit in March but 1st quarter local market posts strong numbers indicating that real estate fundamentals are strong. Check out the full report and use it in your business…
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Market Activity
Pricing Trends
Supply and Demand
Market News
How happy are area residents? Very happy!
FAAR Releases 2020 Fredericksburg Area Smart Growth Survey In early 2020, FAAR contracted with the National Association of Realtors® to conduct a survey on growth and development attitudes in the Fredericksburg region. The survey was conducted by the firm American...
Local Real Estate Market Surges Despite Significant Restrictions
While continued governmental restrictions shutter businesses and completely change the way Americans operate in their day-to-day lives, the local real estate market bucked national trends and posted increases in volume, sold price, and units sold. While national news...
FAAR Releases 2020 1st Quarter Home Sales Report
How things have changed from January and February! COVID-19 crashed into our market in mid-March and virtually ground life as we know it to a halt, so how did that impact the local real estate industry? The first quarter of 2020 was strong, with increasing volume...
New Video Series Launches: “Locked In With Kim” Features Relevant Conversations for REALTORS
Locked in with Kim Episode 1 The Economy After Covid-19: A Local Perspective Public Policy Director Kim McClellan interviews Curry Roberts with the Fredericksburg Regional Alliance.Locked in with Kim Episode 2 Top Mortgage Questions to Keep Asking Public Policy...
Real Estate Market Proves Resilient in the Face of COVID-19
Despite significant concern over the impact of COVID-19 on the local real estate market, March numbers show increases in sold volume, median price and units sold. FAAR Board Member Linda Fosdick remarks, “Our Lake Anna market enjoyed a robust spring. Even at the...
What’s going on with mortgages?
President Drew Fristoe discusses mortgages with Lender Scott Hine in light of the COVID-19 virus.
FAAR office closed through April. Services available virtually.
FAAR Members, Due to Gov. Northam’s message today for Virginians to stay home, the FAAR office will remain closed through April. Look for further details on how the staff is operating virtually to serve members. - President Drew Fristoe & CEO Pat Breme
FEMA Extends Grace Period for Policy Renewal
Here is some good news out of FEMA, the agency is extending the grace period to renew policies from 30 to 120 days in order to help NFIP policyholders experiencing financial hardships. FEMA continues to take proactive steps to address the COVID-19 pandemic and to...
In this session, Government Affairs Director Kim McClellan talks to Curry Roberts of the Fredericksburg Regional Alliance. Listen to learn more about about the Fredericksburg Area's workforce and how commuters affect our local real estate economy. [powerpress...
Advocacy, COVID-19, and your business
The Realtor® organization at all levels is advocating on your behalf during this unprecedented market disruption caused by the COVID-19 virus. Read on to see what NAR, VAR, and FAAR are doing to keep you safe and keep your business on track. National Association of...