Market Statistics

SmartCharts that provide up-to-date market statistics in the region.

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FAAR Monthly Housing Market Press Release

Narrative about the market produced each month by FAAR

Virginia Realtors® Quarterly Report

Detailed quarterly report exploring housing, employment, and business data points broken down by locality

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Market Activity

Pricing Trends

Supply and Demand

Market News

Stafford County eyeing historic tax increase

Stafford County has set an advertised tax rate of 1.175 for the upcoming fiscal year, a whopping 32-cent increase from current levels.  This number includes a nearly 30-cent increase in the real estate tax from the current rate of 0.85 per $100 of assessed value to...

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FAAR sends letter to King George County on short-term rentals

On Wednesday, March 22, 2023, FAAR sent a letter of concern to the Supervisors and Planning Commissioners of King George County regarding their proposed short-term rental ordinance.  The proposal includes a principal residence requirement for short-term rentals and...

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Real estate market demand continues to cool

February 2023 saw more of the same in the local real estate market with falling demand, rising prices, and increasing days on market.  Total sold dollar volume was down 20% coming in at approximately $158.7 million compared to nearly $200 million in February of 2022. ...

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2023 Spring FAARside Newsletter now available

Your copy of FAAR's Spring Newsletter, the FAARside is here! Crack open a copy to learn about what's going on at the Association including a letter from the President, a letter from the CEO, general assembly update, and more! This edition of the publication includes...

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FRAUD ALERT: Vacant lots targeted for scams

Beware of a land scam that is seeing an uptick in recent months.  FAAR members report several cases of potential land sales fraud and the story goes like this: An out-of-area seller wants to list a parcel of vacant land for well-below market value. The seller will not...

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King George County looks to regulate short-term rentals

King George County recently proposed a short-term rental ordinance that would require any short-term rental to be in a property owners’ principal residence, so a second home in the County could not be rented out as a short-term rental.  King George County Realtors®...

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Real estate prices continue to rise while demand craters

January 2023 saw demand crater compared to the highs of early 2022, but prices continued to rise with sizable jumps in nearly every locality.  Units sold is the big story for this past month with more than 35% fewer homes changing hands than last year.  January 2022...

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Alert: Closing Delays in Westmoreland County

Update 1/26/2023:  Westmoreland County is back up and running.  Text document are being received without issue, but there may be some delays with sending images.   Please see the message below from Northern Neck Association of Realtors® Association Executive Teresa...

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