2019 Fredericksburg Mid-Year Market Report

2019 is now more than halfway over and we are excited to release our 2019 Fredericksburg Mid-Year Market Report. Understanding what’s going on in the market allows us to equip our clients to make confident, informed decisions. It also gives us an idea of what the future holds.

Overall, total sales in the Fredericksburg area real estate market continue to increase even as prices rise and inventory levels decline.

QUICK TAKEAWAYS

  • Total sales increased nearly 3% year-over-year across the Fredericksburg MSA in the first half of the year. Total sales so far in 2019 were 3,102, a 2.6% increase over 3,023 in 2018.
  • The median sales price in the first half of 2019 was $314,000 compared to $299,000 in 2018. This is a 5% increase.
  • In the Fredericksburg MSA, average days on market declined by 33.9% to 41. Fairfax County had the lowest average days on market within the Fredericksburg MSA at 24 days.

Be sure to check out the full 2019 Fredericksburg Mid-Year Market Report here for more info on how the market performed in the first half of the year.

Whether buying or selling, it is increasingly important in current market conditions to talk with your Nest Broker about how your home fits into the bigger picture. They will advise you and prepare you to make knowledgable decisions and help you achieve your real estate goals. Interested in what’s happening in other markets? To view all of our area market reports, click here.

Have questions? Contact your Nest Broker today.

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