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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Market Activity

Pricing Trends

Supply and Demand

Market News

Is the local real estate market turning a corner?

Could the region finally see a stop to ever increasing home prices?  April statistics show that it’s possible the tide is turning and that prices will finally cool after months of plummeting demand and high interest rates.  April of 2023 saw prices dip across the...

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Loan Level Price Adjustments (LLPAs) Digest

There has been a lot of buzz about the loan level price adjustments (LLPAs) that go into effect in May 1 per the GSEs.  Below are some linked articles on this topic going back to 4/26/2023.  Links will be updated as more information becomes available. NAR: FHFA Heard...

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More of the Same in March for Local Real Estate Market

FOR IMMEDIATE RELEASEContact:  Carol Sondrini  More of the Same in March for Local Real Estate MarketHigh prices, falling demand continue  Fredericksburg, VA – (April 17, 2023) – The following analysis of the Fredericksburg, Virginia...

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NAR Founding Member of the Housing Solutions Coalition

NAR is a founding member of the recently formed Housing Solutions Coalition to address the sharp rise in rent control policies and the constraints that housing supply is facing, leading to high prices and many families and individuals feeling squeezed out of their...

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Stafford County eyeing historic tax increase

Stafford County has set an advertised tax rate of 1.175 for the upcoming fiscal year, a whopping 32-cent increase from current levels.  This number includes a nearly 30-cent increase in the real estate tax from the current rate of 0.85 per $100 of assessed value to...

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FAAR sends letter to King George County on short-term rentals

On Wednesday, March 22, 2023, FAAR sent a letter of concern to the Supervisors and Planning Commissioners of King George County regarding their proposed short-term rental ordinance.  The proposal includes a principal residence requirement for short-term rentals and...

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Real estate market demand continues to cool

February 2023 saw more of the same in the local real estate market with falling demand, rising prices, and increasing days on market.  Total sold dollar volume was down 20% coming in at approximately $158.7 million compared to nearly $200 million in February of 2022. ...

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