Local VA Housing Market

Check out the local housing report prepared by the Fredericksburg Area Association of REALTORS®. 

Look at the graphic below (found at https://www.faarmembers.com/market/) showing the statistics for the month of July 2020. Data show that the number of units sold and home price for each local county are still increasing, while days on the market is decreasing, due to low inventory. Because of the lower inventory, homes are selling faster, and for a higher sales price. Many homes are getting multiple offers!

In our local area, the housing market is still going strong. While the number of listings is down from previous years, homes are still selling quickly and buyers are looking for properties. It is a seller’s market, which drives up the home sale prices. Now may be the perfect time to sell your home in Virginia!