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!
Dashboard Gauges
Market Activity
Pricing Trends
Supply and Demand
Market News
No End In Sight to Continued Price Increases
The regional median home price was up again in July, with most localities seeing increases. The median sold price settled at $473,740 this month compared to $462,450 in July of 2023, representing a more than 2% year-over-year increase. Despite persistent high...
FAAR Sends Letter to City of Fredericksburg Planning Commission in support of housing affordability
FAAR President Randy Walther sent a letter to the City of Fredericksburg Planning Commission in support of affordable housing efforts. Walther stressed the importance of housing affordability in fostering vibrant, thriving communities. This issue has even more...
Regional Home Sales Price Keeps Increasing
The regional median home price was up again in June, with all but one locality in the FAAR footprint seeing increases. The median sold price settled at $474,093 this month compared to $450,000 in June of 2023, representing a more than 5% year-over-year increase. ...
Clients having trouble getting taxes paid out of escrow?
FAAR has received reports from agents that some property tax payments are seeing delays in being paid by third parties working with mortgage servicers. This can lead to sellers or buyers having to pay the local property taxes for a second time and then receiving a...
Local home prices continue to accelerate amid supply shortfall
The Fredericksburg-area housing market continued to march on with the conditions that have been persistent for a long time now: constrained supply, rising prices, and no end in sight. Median price soared to its highest point ever reaching $474,000 this May compared...
FAAR Sends Letter to Spotsylvania County on changes to subdivision ordinance
FAAR recently sent a letter to the Spotsylvania County Board of Supervisors expressing concerns about potential changes to the Annual Exempt Subdivision ordinance. President Randy Walther expressed concerns about reducing the number of allowable lots for annual...
Local Housing Market Posts Large Increases in Units Sold
The spring housing market is off to a swift start with April numbers posting considerable increases in units sold and total sold dollar volume coupled with modest price appreciation compared to April of 2023. Median home prices were up 3% from last year, settling at...
Price Increases Continue to Frustrate Local Buyers
The local housing market showed surprising price growth in March despite persistent year-over-year demand decreases. Median price was up nearly 8% year-over-year coming in at $449,949 this March compared to $420,000 last year. Total sold volume remained static from...
Spotsylvania looking to restrict Annual Subdivisions of lots
Please see below for an update on an issue that the builders are tracking that could impact property owners trying to subdivide their lots. Spotsylvania County is looking to amend its subdivision ordinance that currently allows 1 division per year for up to 6 total...
Local Real Estate Market Continues Strong Showing in February
The February real estate market continued the trend of increasing prices and falling demand, but also showed some promising signs for the those waiting for more inventory with a slight increase in active listings and a large increase in new listings compared to last...
BrightMLS Data by Locality
