Real estate statistics specific to the Fredericksburg Area Real Estate market are hard to come by. Amy Cherry Taylor & Associates is here to change that! We understand that now, more than ever, you want to stay on top of information regarding your largest asset. Each week we will bring you up-to-date statistics on the current market’s activity in Spotsylvania, Stafford, Fredericksburg City, Caroline, Orange, Culpeper, Louisa and King George. This last few years have been ‘unprecedented’ in so many ways, and the real estate market is no exception. 

 

📊What You Need to Know!

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The local real estate market is still moving, and low inventory remains the biggest story. While new listings come on, demand is keeping competition high—especially in sought-after areas.

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💰 Prices Are Still Rising – Home values in our area continue to increase year over year. Waiting to buy? That could mean paying more later.
🏡 Homes Are Selling Fast – Well-priced homes in good condition are moving quickly, often with multiple offers. The spring market started a little later than usual this year, so we expect activity to potentially last a bit longer as well.
📉 Rates Are Fluctuating – Mortgage rates change daily, so it’s crucial to work with a knowledgeable local lender to lock in at the right time.
🚧 New Construction Is a Solid Option – Builders are offering incentives and special financing, making new homes a great choice for buyers.

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One thing that is important to know is that mortgage rates do not always go up when the Fed raises the base line interest rates.  You actually need to follow the 10 Year Treasury to more accurately track the movement of mortgage interest rates. Right now, it is very important as a buyer to concentrate on what you can afford, not what the interest rate is.

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The market has become more complex and it is now more important than ever to work with a Realtor who can provide you with real information, considerable experience and local statistics so you can make the best decision possible for you.  Feel free to contact us so we can discuss a customized strategy to meet your specific real estate goals!

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Check back each week for updated statistics straight from the MLS.

No opinions. No fluff. Just the numbers. 

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If you would like to know more about what these numbers mean for you, please don’t hesitate to contact us using the form at the bottom of this page!