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!
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Market Activity
Pricing Trends
Supply and Demand
Market News
Low Inventory Continues to Plague Housing Market
January 2022 continues to see the same issues that have been plaguing the local real estate market for many months, namely low supply. A lack of choice in the market coupled with steadily rising prices and a brutal blast of winter led to decreased sales in the month...
FAAR Releases 2021 4th Quarter Home Sales Report
Fredericksburg Area Association of REALTORS®Market Report Key Takeaways Economic Conditions Economic conditions in Virginia continued to improve in the fourth quarter, with broad-based jobgains and another drop in the unemployment rate. The employment picture also...
High Prices, Continued Low Supply Close Out the 2021 Housing Market
While many Realtors® have experienced moderating of the real estate market in recent months, 2021 as a whole was a more frenetic market than its record-setting predecessor of 2020. “2021 saw the trend continue of extremely low inventory coupled with very...
Local Home Prices Up Big in November
While some normalcy continues to return to the market, prices increased significantly in November with the area housing market flirting with a $400,000 median price. Total sold dollar volume increased by 22% fueled by a more than 16% rise in median sold price and a...
Fredericksburg-area Home Sales Slow Slightly in October
The Fredericksburg-area real estate market showed indications of cooling with the first year-over-year decline in units sold since the start of the pandemic. Units sold posted a more than 3% decline this October versus last year with 736 home sales in 2021 compared...
FAAR Releases Q3 Housing Report
As the third quarter of 2021 came to a close, the regional real estate market saw a 13% increase in median price, 187 more home sales than the same time last year, and a 28% increase in active listings from a year ago. Get all the details along with great graphics for...
More Normalizing in the Fredericksburg-area Real Estate Market
The local real estate market continues to experience high transaction volume, inventory challenges, and rising prices, but those increases are moderating and significantly more inventory is available for buyers. As summer faded into early fall, inventory was up a...
Fredericksburg-Area Real Estate Market Continues to Normalize
While it’s not a buyer’s market yet, the Fredericksburg-area housing market continues to show indications of normalizing. August still posted very robust market numbers, but that is tempered by rising supply and slight reductions in future demand. Sold dollar volume...
Technology Committee investigates Broadband Coverage and Developments in Fredericksburg Area
Broadband coverage has become increasingly important for area residents. The FAAR Technology committee has been hard at work interviewing the various jurisdictions on current broadband progress. There is no simple solution or easy answer to say when areas will have...
Summer Selling Season is in Full Swing
The summer selling season is in full swing in the Fredericksburg area with June real estate statistics blowing the record-breaking 2020 out of the water. Total sold dollar volume increased by 29% fueled by a more than 17% rise in median sold price and a more than 10%...
BrightMLS Data by Locality
