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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Median Sales Price Map
Sales Map
Active Listings Map
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06 11 2024 May Market Statistics

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Market Activity

Pricing Trends

Supply and Demand

Market News

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...

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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...

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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...

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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...

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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...

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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...

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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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