Market StatisticsSmartCharts that provide up-to-date market statistics in the region.
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Supply and Demand
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
Rain continued to be the story of our region throughout July with severe weather potentially impacting the pace of home sales. “July was a challenging month,” states FAAR Board Member Mark Geslock. “The rains slowed open houses and some showings were...read more
The inventory shortage that continues to plague the Fredericksburg region may be partly to blame for the flat June numbers in the real estate market. The significant rainfall that occurred over a few weekends may also have put a damper on activity...read more
NVAR Standard Forms Changes: Effective July 1, 2018 By Matthew L. Troiani, Esq. The NVAR Board of Directors has approved the following new forms and forms changes, as proposed by NVAR’s Standard Forms Committee. Click on the title to download the form or...read more
Fredericksburg, VA – (June 14, 2018) – The following analysis of the Fredericksburg, Virginia area housing market has been prepared by the Fredericksburg Area Association of REALTORS® based on analysis of brightMLS multiple listing data. The inventory...read more
The Partnership for Housing Affordability, a non-profit associated with the Richmond Association of Realtors, hosted a forum on single-family housing affordability sponsored by SunTrust Mortgage. The forum focused on the current trends in the sale and...read more