Market Statistics

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

2020 1st Quarter FAAR Home Sales Report

Top story from Q1:  Leading edge of COVID-19 impacts hit in March but 1st quarter local market posts strong numbers indicating that real estate fundamentals are strong.  Check out the full report and use it in your business…

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Market Activity

Pricing Trends

Supply and Demand

Market News

FEMA Extends Grace Period for Policy Renewal

Here is some good news out of FEMA, the agency is extending the grace period to renew policies from 30 to 120 days in order to help NFIP policyholders experiencing financial hardships.  FEMA continues to take proactive steps to address the COVID-19 pandemic and to...

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FAAR Louder Ep. 2: Commuters and Real Estate

In this session,  Government Affairs Director Kim McClellan talks to Curry Roberts of the Fredericksburg Regional Alliance.  Listen to learn more about about the Fredericksburg Area's workforce and how commuters affect our local real estate economy. [powerpress...

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Advocacy, COVID-19, and your business

The Realtor® organization at all levels is advocating on your behalf during this unprecedented market disruption caused by the COVID-19 virus.  Read on to see what NAR, VAR, and FAAR are doing to keep you safe and keep your business on track. National Association of...

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February market hot, but what lies ahead?

February continued the local real estate market’s trend of increasing sales volume and median price coupled with decreasing days on market   FAAR Board Member Randy Walther states, “The market was active for February continuing a strong winter season. My office was...

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Spotsy Sign Enforcement Changes

Spotsylvania County is changing its sign enforcement policy.  The underlying zoning ordinance on signs is not changing.  It has always been illegal to place signs in the VDOT right-of-way, but the County has historically suspended enforcement of its sign rules from...

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January Posts Big Gains in Local Real Estate Market

January kicked 2020 off to a swift start in the local real estate market echoing sentiments heard from Realtors® across the region that the spring market is starting earlier and earlier in recent years.  Sold dollar volume was up 38% year-over-year, going from...

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