Market StatisticsSmartCharts that provide up-to-date market statistics in the region.
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Supply and Demand
While February statistics tracked fairly closely to 2018 numbers, pending sales indicate a warming in the local real estate market. Total sold dollar volume increased 2.4% in February, coming in at $106.4 million compared to nearly $103.9 million in...read more
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 more
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 more
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 more
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 more
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 more
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 more
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 more
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 more
“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 more