Market Statistics
SmartCharts that provide up-to-date market statistics in the region.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
BrightMLS Data by Locality
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Local Jurisdiction Housing Graphics
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Market Activity
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Supply and Demand
Market News
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...
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. ...
FRAUD ALERT: Vacant lots targeted for scams
Beware of a land scam that is seeing an uptick in recent months. FAAR members report several cases of potential land sales fraud and the story goes like this: An out-of-area seller wants to list a parcel of vacant land for well-below market value. The seller will not...
King George County looks to regulate short-term rentals
King George County recently proposed a short-term rental ordinance that would require any short-term rental to be in a property owners’ principal residence, so a second home in the County could not be rented out as a short-term rental. King George County Realtors®...
Real estate prices continue to rise while demand craters
January 2023 saw demand crater compared to the highs of early 2022, but prices continued to rise with sizable jumps in nearly every locality. Units sold is the big story for this past month with more than 35% fewer homes changing hands than last year. January 2022...
Alert: Closing Delays in Westmoreland County
Update 1/26/2023: Westmoreland County is back up and running. Text document are being received without issue, but there may be some delays with sending images. Please see the message below from Northern Neck Association of Realtors® Association Executive Teresa...
2022 Real Estate Market Closes with High Prices, Declining Sales
2022 was a tumultuous year for the local real estate market with a fiery start to the year that began to moderate about halfway through due to rising interest rates and continued supply challenges. “The housing market always fluctuates. We had an intense seller’s...
FAAR Presents Orange County with Recognition for Broadband Achievement
On Tuesday, December 20, 2022, the Fredericksburg Area Association of Realtors® (FAAR) presented the Orange County Broadband Authority with a certificate of recognition for “outstanding results in serving and connecting the community” and “being a leader in broadband...
November Housing Market Sees Plummeting Sales
The Fredericksburg regional housing market continues to show signs of a softening market, but prices remain stubbornly high in many jurisdictions. Total sold dollar volume took a staggering 37% drop this November coming in at approximately $193.5 million compared to...
Prices show no signs of stopping while demand continues to cool
Local Realtors® are feeling the change in the market, but prices do not show any signs of cooling as we head into the fall months. Prices remain high and continue to climb despite moderating sales volumes. Many Realtors® report significant price reductions from...