Market Statistics

SmartCharts that provide up-to-date market statistics in the region.

Check out the NEW Fredericksburg Area Home Sales Report!

The newest FAAR member benefit includes graphs, market narrative, and local jurisdiction data you can share with your clients. 

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Market Activity

Pricing Trends

Supply and Demand

Market News

February Picks Up the Pace in Local Real Estate Market

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...

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FAAR Leadership Advocates for Priorities in Richmond

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...

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2018 Local Housing Market Posts Modest Gains

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...

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FEMA stops issuing flood insurance policies

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...

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November Real Estate Market Sees Typical Seasonal Slowdown

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%...

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The National Flood Insurance Program set to expire on Friday

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...

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Local Real Estate Market Rebounds Slightly in October

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,...

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September Posts Disappointing Total Volume Numbers

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...

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August Sees More of the Same in Local Real Estate Market

“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...

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