Affordable Housing
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Go to A Closer Look: The Big Fight Over Attainable Housing at The Landing at Cannon Branch
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“Ten years ago, the average age of the first-time-homebuyer was 28, and so this is a big jump and it’s a signal that it’s really, really hard for folks to get into the housing market right now,” NBC Washington reported. “The median price for a single-family detached home in Fairfax County is almost a million. It is over $1.25 million in Alexandria and in Arlington County,” Sturtevant said. “You do need an income of about $300,000 if you do sort of some back-of-the-envelope math on taking on a loan with 10 percent down — it is very hard.”
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This article is exclusively for our Locals Only members. Please Sign In or upgrade to become a Locals Only Member today!
Your support helps us continue delivering more in-depth community news that matters to you. Thank you.
This article is exclusively for our Locals Only members. Please Sign In or upgrade to become a Locals Only Member today!
Your support helps us continue delivering more in-depth community news that matters to you. Thank you.
FREDERICKSBURG, Va. – The folks at the Fredericksburg Area Association of Realtors just shared their latest housing report with Potomac Local News—and it’s a mixed bag for buyers and sellers.
Even though more homes are hitting the market, sales have slowed compared to last year. Just 491 homes sold in August, down about 8% from 2024. But prices? Still going up. The median home price jumped over 5% to $485,750.
FREDERICKSBURG, Va. – The folks at the Fredericksburg Area Association of REALTORS just told Potomac Local News that home prices in our region hit an all-time high last month—even as sales slowed and homes took longer to sell.
July’s median home price reached $490,000, a 3% jump from last year’s $473,740. That’s despite local agents saying the pace of deals has cooled a bit. A total of 543 homes sold—slightly more than last July—and total sales volume surged over 11% to nearly $298.9 million.
The Prince William Board of County Supervisors will convene on Tuesday, January 21, 2025, at 2 p.m. at 1 County Complex Court in Woodbridge for a packed agenda that includes significant decisions on land development and state legislation. The meeting is open to the public.
Woodbridge Land Development
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We’re back with another episode of the Potomac Local Podcast, where we connect our communities one story at a time. In this episode, Uriah Kiser, founder of Potomac Local News, sits down with Deshundra Jefferson, Chair At-large of the Prince William Board of County Supervisors, to discuss critical issues facing Prince William County.