Press Release

The statewide median sales price reached $430,000, a 3.6% increase from August 2024. Despite sales holding flat, higher price points pushed the total sold dollar volume to $5.1 billion, up 4.4% year-over-year.

In total, there were 24,606 active listings statewide at the end of August, representing a 26.2% surge from last year. Buyers also saw more new listings coming online, with nearly 13,000 properties added to the market during the month.


Fredericksburg

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.


News

According to a listing from Coldwell Banker Commercial, the building is 29,968 square feet and contains five leased units. It sits on 2.158 acres and is zoned B1. The property is located in a high-traffic area, which supports foot traffic for the tenants.

The building is fully leased, and the listing notes that it produces consistent rental income.


Sponsored

This updated three-level townhome in the Cabin Creekwood neighborhood has just been reduced and is ready for its next owner. Thoughtfully updated and move-in ready, the home offers a combination of modern style and convenience.

Highlights include:


Sponsored

If you’ve been watching the real estate market in Northern Virginia, you know things are constantly shifting. Whether you’re a first-time homebuyer, a seasoned investor, or looking to sell, staying informed is crucial. That’s where experienced Realtor Mark Worrilow of Fathom Realty comes in. With his deep knowledge of the local market and an eye on mortgage trends, Mark helps clients make the best decisions in a competitive real estate landscape.

Mortgage Rates are Trending Down


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