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
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...
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...
2023 Housing Market Plagued by Low Inventory, Volatile Interest Rates
The local housing market finished the year with low inventory, high prices, and falling demand, trends that started in 2022 and accelerated throughout 2023. “The real estate market in the Fredericksburg area saw a continuation of low inventory issues in 2023,” states...
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...
Prices continue to rise despite falling demand in housing market
The regional median home price was up again in October, despite shrinking demand heading into the winter season. The median sold price settled at $440,000 this month compared to $425,000 in October of 2022, representing a nearly 4% year-over-year increase. Units...
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%...
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...