Market Statistics
SmartCharts that provide up-to-date market statistics in the region.Dashboard Gauges
Market Activity
Pricing Trends
Supply and Demand
Market News
March 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...
read moreNovember Real Estate Market Sees Typical Seasonal Slowdown
The November real estate market experienced a typical seasonal slowdown with decreases in total sold dollar volume and units sold and an increase in median sales price. Total sold dollar volume came in at $120.3 million, representing a nearly 3.8%...
read moreThe National Flood Insurance Program set to expire on Friday
Information provided from NAR... Without Congressional action, the National Flood Insurance Program (NFIP) will lapse at midnight on Friday, November 30, 2018. NAR is making every effort to secure a long-term reauthorization before then. Here are the answers to some...
read moreLocal Real Estate Market Rebounds Slightly in October
The October real estate market posted increases in total sold dollar volume and median price, while units sold came in at the same amount as 2017. Total sold dollar volume increased from $128.8 million in October of 2017 to $138 million in October of 2018,...
read moreSeptember Posts Disappointing Total Volume Numbers
September posted disappointing year-over-year decreases in total sold dollar volume and units sold while posting a median price increase, indicating that the local real estate market may be slowing down heading into the cooler months. Total sold dollar...
read moreFredericksburg Regional Alliance
FAAR is an investor in the Fredericksburg Regional Alliance. FAAR members have access to reports through their service.