Market Statistics
SmartCharts that provide up-to-date market statistics in the region.Dashboard Gauges
Market Activity
Pricing Trends
Supply and Demand
Market News
January 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 moreAugust Sees More of the Same in Local Real Estate Market
“The summer housing market finished strong with a healthy housing market for the Fredericksburg area,” stated FAAR Board of Director Pam Kuper. “Area median sales prices increased anywhere from 2% to 5% while days on market continued to decrease compared...
read moreJuly Posts Modest Gains in Local Real Estate Market
Rain continued to be the story of our region throughout July with severe weather potentially impacting the pace of home sales. “July was a challenging month,” states FAAR Board Member Mark Geslock. “The rains slowed open houses and some showings were...
read more2019 Monthly Reports
Fredericksburg Regional Alliance
FAAR is an investor in the Fredericksburg Regional Alliance. FAAR members have access to reports through their service.