Market Statistics
SmartCharts that provide up-to-date market statistics in the region.Looking for in-depth historical data?
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 News
King George Planning Commission sets Public Hearing on downzoning ordinance
King George County has spent the last year discussing a downzoning ordinance that would increase the minimum lot size in the majority of land in the county. Under the current zoning, A-1 parcels required a 10-acre minimum, A-2 requires a 2-acre minimum and A-3...
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...
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...
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...
Regional home prices tick up again
The regional median home price was up again in June, with all but two localities in the FAAR footprint seeing increases. The median sold price settled at $480,000 this month compared to $474,093 in June of 2024, representing a 1% year-over-year increase. Units sold...
Local real estate market sends mixed signals in May
The local real estate market in May continued to post higher rates of inventory than in the past, but also posted the highest median price ever on record. May saw the month close out with a chart-topping median price of $489,900 compared to $474,000 a year ago, a...
Prices continue to rise amid expanding inventory and fewer sales
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 April increased nearly 3%, going from $450,000 last April to $462,000 this year. While prices continued to...
Local Real Estate Market Sees a Strong Start for the Spring Market
March kicked off the spring market with a strong showing, despite the challenging economic and workforce headwinds facing the region. Median sold price was up nearly 6% year-over-year, coming in at $475,325 in March of 2025 compared to $449,949 last year. Total sold...
Update on King George Downzoning
The King George County Board of Supervisors appointed a subcommittee, the Zoning Ordinance Text Amendment Committee or ZOTAC, to review options for managing growth in the County including the Board's original proposal for a drastic downzoning in the County that would...
Local Real Estate Prices Continue to Rise Despite Uncertainty
The February real estate market continued the trend of increasing prices paired with varying demand across the local footprint. The regional median price soared nearly 6% in February of 2025, coming in at $460,000 compared to $435,000 last year. While prices remained...
BrightMLS Data by Locality
