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

Check out our monthly housing graphics!

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Market Activity

Pricing Trends


Supply and Demand

Market News

2024 Real Estate Market Kicks Off with a Bang

The local housing market started the year out with a bang, racking up year-over-year increases in units sold and total dollar volume for the first time in nearly two years.  January closed with approximately $153 million in total sales volume, an almost 8% increase...

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November sees same trends hold in local real estate market

As 2023 draws to a close, the Fredericksburg regional housing market is experiencing much of the same as the last few months. Prices continue to rise against a backdrop of falling demand, stubbornly low housing supply, and volatile interest rates. Total sold dollar...

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Inventory Low, Prices High in the Local Housing Market

The weather might be cooling off, but local home prices certainly are not.  The region’s median sold price was up nearly 4% in September coming in at $435,000 compared to $420,000 last September.  Volume of sales continues its downward trend posting a nearly 17%...

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Meet FAAR’s endorsed candidates for the November 7 election!

City of Fredericksburg Kerry Devine, MayorCity of Fredericksburg, City Council Kerry is a 20-year resident of the City and will focus on continuing the great things that have been started.  She has served on the Council for many years and is a long-time educator in...

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Final Louisa County Short-term Rental Ordinance

Last Monday, October 2, the Louisa County Board of Supervisors passed short-term rental (STR) regulations on a 5-2 vote after nearly two years of debate and discussion.  The ordinance provides STR operation by-right in residential areas if certain conditions are met. ...

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NFIP Set to Expire on 9/30 & Looming Government Shutdown

Here we go again...the National Flood Insurance Program is set to expire on September 30 and if allowed to lapse, that means no new or renewed policies.  This has the potential to impact real estate transactions so here are some concrete actions you can take to head...

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Regional Housing Market Shows No Signs of Price Cooling

The regional median home price was up again in August, with every locality seeing increases.  The median sold price settled at $450,000 in August of 2023 compared to $427,000 in August of 2022, representing a nearly 6% year-over-year increase.  Units sold were down...

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