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 event was co-sponsored by the Fredericksburg Regional Alliance, Greater Fredericksburg Chamber of Commerce, Fredericksburg Area Builders Association, and Fredericksburg Area Association of Realtors.
Each lawmaker was asked what they considered the biggest accomplishment of the session. Delegate Bobby Orrock pointed to increased education funding and roughly $1 billion in tax rebates coming back to Virginia families. Senator Tara Durant also highlighted education, calling the $222 million investment to eliminate the K-12 support cap “a real game-changer.” She also noted new funding for math instruction—a personal priority she’s worked on for years.
