MARKET INDICATORS REPORT · 2021. 7. 21. · was the only local market to have significant growth in pending sales this month (+44.4%). Prices are soaring in the FAAR housing market;

MARKET INDICATORS REPORT

JUNE

2021

FAAR Market Indicators Report

Jun-21 Indicator

9.2% 1,091 Sales

2.7% 985 Pending Sales

29.2% 1,313 New Listings

14.4% $379,900 Median List Price

17.3% $389,900 Median Sales Price

20.0% $174 Median Price Per Square Foot

30.5% $460.7 Sold Dollar Volume (in millions)

1.4% 101.4% Median Sold/Ask Price Ratio

-64.8% 12 Average Days on Market

30-YR Fixed 2.98 % -19.1% 843 Active Listings

15-YR Fixed 2.26 % -35.1% 1.0 Months of Supply

5/1-YR ADJ. 2.54 %JUL 2006 JUL 2021

July 1, 2021

YoY Chg

FAAR Market Dashboard

Key Market Trends: June 2021

INTE

REST

RATE

TRAC

KER

Sales continue to outpace pre-pandemic levels in the FAAR footprint. There were1,091 sales in June across the region, up 9.2% from a year ago, and 34.9% higher thanJune of 2019. Following a slowdown during the onset of the pandemic last spring,activity in the FAAR housing market has increased rapidly for 13 straight months.Westmoreland County and Spotsylvania County led the local markets this month insales growth, climbing 24.4% and 16.3%, respectively, from last year. Sales activity wasflat in both King George County (no change) and Orange County (-1.1%).

Pending sales were relatively flat this month, which could signal slowdown thissummer. There were 985 pending sales in the FAAR area in June, a modest 2.7%increase from a year ago. Other than a small decline back in February, pending salesactivity in the region has been surging consistently over the past year. The sluggishpending sales in June could signal a changing pattern in the coming months. At the locallevel, the most notable slowdown occurred in Caroline County (-17.6%). Fredericksburgwas the only local market to have significant growth in pending sales this month(+44.4%).

Prices are soaring in the FAAR housing market; median sales price more than$57K higher than last June. The June median sales price in the region was $389,900, a17.3% spike from a year ago. All local markets in the FAAR footprint are experiencingsignificant price gains. The sharpest price growth occurred in Orange County (+$70K)and Spotsylvania County (+$67K).

New listings continue to outpace last year; however, inventory is still tight. At theend of June there were 843 active listings across the FAAR region, down 19.1% from lastyear. While the overall supply is tight, new listings rose sharply for the third straightmonth (+29.2%).

Sources: Virginia REALTORS®, data accessed July 15, 2021, Federal Reserve Bank of St. Louis 2

Report Index

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

Pending Sales -----------------------------------------------------------------------------------------------

New Listings -------------------------------------------------------------------------------------------------

Median List Price ------------------------------------------------------------------------------------------

Median Sales Price ----------------------------------------------------------------------------------------

Sold Dollar Volume ---------------------------------------------------------------------------------------

Market Activity - FAAR Footprint ---------------------------------------------------------------------

Total Market Overview ----------------------------------------------------------------------------------

Single-Family Detached Market Overview --------------------------------------------------------

Townhome & Condo Market Overview ------------------------------------------------------------

Sales -----------------------------------------------------------------------------------------------------------

Median Sold to Ask Price Ratio -----------------------------------------------------------------------

Average Days on Market --------------------------------------------------------------------------------

Active Listings -----------------------------------------------------------------------------------------------

Months of Supply -----------------------------------------------------------------------------------------

Area Overview - Total Market -------------------------------------------------------------------------

Area Overview - Total Market YTD -------------------------------------------------------------------

Area Overview - Single-Family Detached Market -----------------------------------------------

Area Overview - Single-Family Detached Market YTD ----------------------------------------

Area Overview - Townhome & Condo Market ---------------------------------------------------

Area Overview - Townhome & Condo Market YTD --------------------------------------------

Consumers Should Consult with a REALTOR®.Buying or selling real estate, for a majority of consumers, is one of the most important decisions they will make. Choosing a real estate professional continues to be a vital part of this process.

Identify a Professional to Manage the Procedure.REALTORS® are well-informed about critical factors that affect your specific market area – such as changes in market conditions, consumer attitudes and interest rates.

Are You Ready to Buy or Sell Real Estate? Contact an experienced REALTOR®.

Data in this Report: Data may vary from published Bright statistics due to the timing of when the data is retrieved from the MLS.

3

Market Activity - FAAR Footprint

Jurisdiction % Chg

Caroline County 13.4%

Fredericksburg 10.8%

King George County 0.0%

Orange County -1.1%

Spotsylvania County 16.3%

Stafford County 5.4%

Westmoreland County 24.4%

FAAR 9.2%

295 343

Jun-20 Jun-21

67 76

37 41

Total Sales

56 56

95 94

999 1,091

41 51

408 430

+16.3%

+10.8%

+5.4%

-1.1%

+24.4%+13.4%

0.0%

Source: Virginia REALTORS®, data accessed July 15, 2021 4

Total Market Overview

Key Metrics Jun-20 Jun-21 YoY Chg 2020 YTD 2021 YTD YoY ChgJun-19 Jun-21

Sales 999 1091 9.2% 3,872 4,659 20.3%

Pending Sales 959 985 2.7% 4,758 5,342 12.3%

New Listings 1016 1,313 29.2% 6,017 6,503 8.1%

Median List Price $332,000 $379,900 14.4% $324,900 $360,000 10.8%

Median Sales Price $332,500 $389,900 17.3% $320,450 $367,000 14.5%

Median Price Per Square Foot $145 $174 20.0% $143 $168 17.4%

Sold Dollar Volume (in millions) $353.0 $460.7 30.5% $1,315.6 $1,863.6 41.6%

Median Sold/Ask Price Ratio 100.0% 101.4% 1.4% 100.0% 100.5% 0.5%

Average Days on Market 35 12 -64.8% 40 17 -58.0%

Active Listings 1,042 843 -19.1% n/a n/a n/a

Months of Supply 1.6 1.0 -35.1% n/a n/a n/a

2-year Trends


Single-Family Detached Market Overview


Sales 984 1075 9.2% 3,810 4,574 20.1%

Pending Sales 941 964 2.4% 4,685 5,253 12.1%

New Listings 996 1,289 29.4% 5,936 6,396 7.7%




Sold Dollar Volume (in millions) $349.7 $456.0 30.4% $1,301.9 $1,841.2 41.4%



Active Listings 1,033 830 -19.7% n/a n/a n/a

Months of Supply 1.6 1.0 -35.7% n/a n/a n/a

2-year Trends


Townhome & Condo Market Overview


Sales 15 16 6.7% 62 85 37.1%

Pending Sales 18 21 16.7% 73 89 21.9%

New Listings 20 24 20.0% 81 107 32.1%




Sold Dollar Volume (in millions) $3.3 $4.7 43.0% $13.7 $22.4 63.5%



Active Listings 9 13 44.4% n/a n/a n/a

Months of Supply 0.7 0.9 28.8% n/a n/a n/a

2-year Trends


SalesSingle-Family Townhomes &

Month Detached YoY Chg Condos YoY Chg

Jul-20 905 14.1% 21 61.5%

Aug-20 840 16.2% 8 -42.9%

Sep-20 820 31.0% 17 0.0%

Oct-20 816 32.5% 10 -37.5%

Nov-20 733 46.6% 12 71.4%

Dec-20 738 41.4% 13 -7.1%

Jan-21 515 21.7% 16 45.5%

Feb-21 522 12.7% 8 -11.1%

Mar-21 695 9.4% 11 -21.4%

Apr-21 815 29.2% 19 216.7%

May-21 952 41.2% 15 114.3%

Jun-21 1,075 9.2% 16 6.7%

1.5% 23.3% 9.2% 1.6% 6.1% 20.1% 12-month Avg 786 24.2% 14 16.1%

-38.9% 36.4% 6.7% 1.3% -20.5% 37.1%

June YTD

Historical Sales by Month

798984

1,075

11

1516

0

200

400

600

800

1,000

1,200

Jun-19 Jun-20 Jun-21

3,590 3,8104,574

7862

85

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,000


Single-Family DetachedTownhome & Condo

0

200

400

600

800

1,000

1,200

Jun-15 Jun-16 Jun-17 Jun-18 Jun-19 Jun-20 Jun-21

Single-Family Detached Townhome & Condo

YoY

Chg


Pending SalesSingle-Family Townhomes &


Jul-20 893 30.6% 11 -21.4%

Aug-20 892 37.9% 18 -14.3%

Sep-20 807 39.9% 18 125.0%

Oct-20 832 48.3% 13 30.0%

Nov-20 664 35.0% 6 -53.8%

Dec-20 530 34.5% 19 72.7%

Jan-21 627 15.3% 9 -25.0%

Feb-21 620 -9.0% 12 -20.0%

Mar-21 924 17.7% 19 216.7%

Apr-21 1,012 39.0% 16 77.8%

May-21 1,106 9.9% 12 -7.7%

Jun-21 964 2.4% 21 16.7%

5.7% 29.3% 2.4% 5.1% 13.8% 12.1% 12-month Avg 823 22.8% 15 16.0%

-18.8% 38.5% 16.7% 0.0% -18.9% 21.9%

June YTD

Historical Pending Sales by Month

728941 964

13

18 21

0

200

400

600

800

1,000

1,200


4,1164,685

5,253

90

73

89

0

1,000

2,000

3,000

4,000

5,000

6,000



0

200

400

600

800

1000

1200



YoY

Chg


New ListingsSingle-Family Townhomes &


Jul-20 1,019 8.8% 16 -11.1%

Aug-20 1,018 1.0% 21 50.0%

Sep-20 968 16.1% 20 66.7%

Oct-20 1,033 22.2% 11 -26.7%

Nov-20 777 32.6% 18 20.0%

Dec-20 662 40.0% 14 40.0%

Jan-21 711 -13.2% 8 -33.3%

Feb-21 690 -23.7% 14 16.7%

Mar-21 1,056 -10.5% 22 57.1%

Apr-21 1,316 24.5% 22 83.3%

May-21 1,334 36.1% 17 54.5%

Jun-21 1,289 29.4% 24 20.0%

-6.0% -0.4% 29.4% -4.5% 0.4% 7.7% 12-month Avg 989 11.8% 17 25.5%

33.3% -16.7% 20.0% -5.4% -33.6% 32.1%

June YTD

Historical New Listings by Month

1,000 996

1,289

24 20

24

0

200

400

600

800

1,000

1,200

1,400


5,911 5,936 6,396

122 81107

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000



0

200

400

600

800

1,000

1,200

1,400

1,600



YoY

Chg


Median List PriceSingle-Family Townhomes &


Jul-20 $344,000 7.5% $262,500 25.0%

Aug-20 $340,000 7.6% $249,950 3.1%

Sep-20 $327,450 6.7% $240,000 -0.8%

Oct-20 $349,900 14.7% $251,750 -5.9%

Nov-20 $330,000 5.5% $240,000 2.1%

Dec-20 $339,250 7.7% $225,000 -21.2%

Jan-21 $330,000 10.0% $194,925 -13.4%

Feb-21 $345,000 10.4% $255,000 19.2%

Mar-21 $350,000 11.1% $244,000 10.5%

Apr-21 $374,999 10.6% $295,000 34.1%

May-21 $372,500 11.2% $225,000 -10.0%

Jun-21 $380,000 13.4% $282,500 28.4%

5.4% 6.3% 13.4% 4.8% 6.9% 12.3% 12-month Avg $348,592 9.7% $247,135 4.7%

-1.9% -5.6% 28.4% 9.1% -6.3% 15.5%

June YTD

Historical Median List Price by Month

$315

,000

$335

,000

$380

,000

$233

,000

$220

,000

$282

,500

$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000


$303

,886

$325

,000

$365

,000

$240

,000

$225

,000

$259

,900

$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000



$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000



YoY

Chg


Median Sales PriceSingle-Family Townhomes &


Jul-20 $345,000 7.8% $262,500 31.3%

Aug-20 $340,125 9.7% $254,000 4.7%

Sep-20 $329,000 8.0% $245,000 2.1%

Oct-20 $350,000 15.7% $250,000 -6.4%

Nov-20 $335,000 7.6% $242,500 5.9%

Dec-20 $340,000 9.7% $225,000 -19.6%

Jan-21 $334,900 12.0% $185,000 -7.0%

Feb-21 $349,600 12.8% $255,000 24.4%

Mar-21 $360,000 14.5% $239,000 8.8%

Apr-21 $380,000 13.4% $305,000 47.7%

May-21 $380,000 14.0% $240,000 1.3%

Jun-21 $390,000 16.4% $305,000 38.6%

6.2% 6.9% 16.4% 5.3% 8.3% 13.9% 12-month Avg $352,802 11.8% $250,667 9.5%

-2.1% -4.3% 38.6% 9.8% -5.1% 16.1%

June YTD

Historical Median Sales Price by Month

$313

,250

$335

,000

$390

,000

$230

,000

$220

,000

$305

,000

$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000


$300

,000

$324

,900

$370

,000

$236

,000

$224

,000

$260

,000

$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000



$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

$450,000



YoY

Chg


Sold Dollar Volume (in millions)

Single-Family Townhomes & Month Detached YoY Chg Condos YoY Chg

Jul-20 $334.8 25.4% $5.3 51.0%

Aug-20 $305.7 26.4% $2.0 -36.6%

Sep-20 $294.5 43.6% $4.0 1.0%

Oct-20 $307.4 54.6% $2.5 -40.6%

Nov-20 $275.5 67.0% $2.5 63.4%

Dec-20 $273.9 56.4% $2.7 -43.5%

Jan-21 $193.8 47.6% $3.4 46.0%

Feb-21 $194.3 27.1% $2.1 27.5%

Mar-21 $275.0 28.5% $2.8 -15.3%

Apr-21 $330.9 48.9% $5.5 316.5%

May-21 $391.3 68.6% $3.9 114.8%

Jun-21 $456.0 30.4% $4.7 43.0%

3.8% 32.9% 30.4% 5.4% 13.4% 41.4% 12-month Avg $302.8 42.2% $3.5 18.8%

-41.1% 34.6% 43.0% 19.5% -28.7% 63.5%

June YTD

Historical Sold Dollar Volume by Month (in millions)

$263.0$349.7

$456.0

$2.4

$3.3

$4.7

$0.0

$50.0

$100.0

$150.0

$200.0

$250.0

$300.0

$350.0

$400.0

$450.0

$500.0


$1,148.4$1,301.9

$1,841.2

$19.2$13.7

$22.4

$0.0

$200.0

$400.0

$600.0

$800.0

$1,000.0

$1,200.0

$1,400.0

$1,600.0

$1,800.0

$2,000.0



$0.0

$50.0

$100.0

$150.0

$200.0

$250.0

$300.0

$350.0

$400.0

$450.0

$500.0



YoY

Chg


Median Sold to Ask Price RatioSingle-Family Townhomes &


Jul-20 100.0% 0.0% 100.0% 0.0%

Aug-20 100.0% 0.0% 100.0% 0.3%

Sep-20 100.0% 0.0% 100.0% 1.2%

Oct-20 100.0% 0.0% 100.0% 0.0%

Nov-20 100.0% 0.0% 100.0% 1.5%

Dec-20 100.0% 0.0% 100.0% 0.6%

Jan-21 100.0% 0.0% 99.2% 0.1%

Feb-21 100.0% 0.0% 100.0% 0.0%

Mar-21 100.0% 0.0% 101.5% 1.5%

Apr-21 101.0% 1.0% 102.1% 5.0%

May-21 101.9% 1.9% 100.9% 0.9%

Jun-21 101.4% 1.4% 100.0% 0.0%

0.0% 0.0% 1.4% 0.0% 0.0% 0.5% 12-month Avg 100.4% 0.4% 100.3% 0.9%

-1.0% 1.0% 0.0% 1.6% 0.0% 0.1%

June YTD

Historical Median Sold to Ask Price Ratio by Month

100.0% 100.0%

101.4%

99.0%

100.0% 100.0%

92.0%

93.0%

94.0%

95.0%

96.0%

97.0%

98.0%

99.0%

100.0%

101.0%

102.0%


100.0% 100.0%100.5%

100.0% 100.0% 100.1%

92.0%

93.0%

94.0%

95.0%

96.0%

97.0%

98.0%

99.0%

100.0%

101.0%

102.0%


Single-Family Detached

Townhome & Condo

94.0%

95.0%

96.0%

97.0%

98.0%

99.0%

100.0%

101.0%

102.0%



YoY

Chg


Average Days on MarketSingle-Family Townhomes &


Jul-20 34 -9.2% 43 19.7%

Aug-20 27 -40.3% 60 121.1%

Sep-20 28 -36.8% 36 -6.8%

Oct-20 23 -46.2% 45 1.8%

Nov-20 20 -59.1% 7 -81.3%

Dec-20 22 -57.7% 15 -81.2%

Jan-21 25 -54.5% 24 -37.3%

Feb-21 20 -65.1% 11 -58.4%

Mar-21 18 -56.8% 8 -76.8%

Apr-21 14 -54.8% 89 -16.4%

May-21 15 -54.0% 9 -85.2%

Jun-21 12 -64.4% 10 -79.6%

1.7% -13.2% -64.4% 0.2% -16.6% -58.5% 12-month Avg 22 -50.6% 30 -38.2%

-31.7% 209.0% -79.6% -10.8% 53.3% -34.2%

June YTD

Historical Average Days on Market

4035

1217

51

10

0

30

60


48

40

17

30

46

30

0

30

60



0

30

60

90

120

150



YoY

Chg


Active ListingsSingle-Family Townhomes &


Jul-20 937 -62.8% 7 -88.7%

Aug-20 831 -67.7% 8 -85.2%

Sep-20 776 -68.2% 7 -87.3%

Oct-20 796 -66.4% 4 -93.0%

Nov-20 729 -66.0% 13 -77.2%

Dec-20 628 -60.1% 7 -86.3%

Jan-21 508 -65.2% 7 -84.4%

Feb-21 493 -63.5% 5 -87.2%

Mar-21 467 -67.6% 6 -86.4%

Apr-21 619 -57.7% 10 -50.0%

May-21 714 -41.3% 13 -13.3%

Jun-21 830 -19.7% 13 44.4%

6.3% -59.3% -19.7% 12-month Avg 694 -61.4% 8 -80.3%

-8.7% -85.7% 44.4%

June

Historical Active Listings by Month

2,539

1,033 830

63

913

0

500

1,000

1,500

2,000

2,500

3,000


Townhome & CondoSingle-Family Detached

0

500

1,000

1,500

2,000

2,500

3,000

3,500



YoY

Chg


Months of SupplySingle-Family Townhomes &


Jul-20 1.4 -65.7% 0.5 -89.0%

Aug-20 1.3 -70.6% 0.6 -85.7%

Sep-20 1.1 -71.7% 1.1 -75.2%

Oct-20 1.1 -70.4% 0.3 -92.6%

Nov-20 1.0 -71.1% 1.0 -77.2%

Dec-20 0.9 -66.6% 0.6 -85.5%

Jan-21 0.7 -71.0% 0.5 -83.4%

Feb-21 0.7 -69.6% 0.4 -86.1%

Mar-21 0.6 -73.0% 0.5 -92.3%

Apr-21 0.8 -65.4% 0.8 -51.3%

May-21 0.9 -53.9% 0.9 -26.3%

Jun-21 1.0 -35.7% 0.9 28.8%

7.1% -62.1% -35.7% 12-month Avg 1.0 -67.1% 0.7 -80.7%

-18.1% -85.0% 28.8%

June

Historical Months of Supply by Month

4.3

1.6

1.0

4.9

0.70.9

0.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0

4.5

5.0


Single-Family Detached

Townhome & Condo

0.0

2.0

4.0

6.0

8.0

10.0

12.0



YoY

Chg


Area Overview - Total Market

Geography Jun-20 Jun-21 % chg Jun-20 Jun-21 % chg Jun-20 Jun-21 % chg Jun-20 Jun-21 % chg Jun-20 Jun-21 % chg

Caroline County 73 90 23.3% 67 76 13.4% $256,000 $301,950 17.9% 81 75 -7.4% 1.8 1.2 -30.6%

Fredericksburg 58 63 8.6% 37 41 10.8% $335,000 $389,000 16.1% 73 51 -30.1% 2.7 1.3 -51.4%

King George County 50 66 32.0% 56 56 0.0% $330,000 $380,000 15.2% 56 52 -7.1% 1.5 1.3 -15.2%

Orange County 84 127 51.2% 95 94 -1.1% $280,000 $350,000 25.0% 132 94 -28.8% 2.2 1.3 -42.1%

Spotsylvania County 312 435 39.4% 295 343 16.3% $300,000 $367,500 22.5% 273 255 -6.6% 1.3 1.0 -25.8%

Stafford County 365 464 27.1% 408 430 5.4% $390,000 $450,500 15.5% 259 211 -18.5% 1.1 0.7 -31.1%

Westmoreland County 74 68 -8.1% 41 51 24.4% $237,000 $281,020 18.6% 168 105 -37.5% 5.4 2.1 -60.7%

Months SupplyActive ListingsMedian Sales PriceSalesNew Listings


Area Overview - Total Market YTD

Geography Jun-20 Jun-21 % chg Jun-20 Jun-21 % chg Jun-20 Jun-21 % chg Jun-20 Jun-21 % chg

Caroline County 476 523 9.9% 284 367 29.2% $227,250 $272,500 19.9% 81 75 -7.4%

Fredericksburg 269 325 20.8% 160 231 44.4% $342,445 $384,000 12.1% 73 51 -30.1%

King George County 379 329 -13.2% 211 229 8.5% $319,900 $364,950 14.1% 56 52 -7.1%

Orange County 516 582 12.8% 325 413 27.1% $269,450 $321,823 19.4% 132 94 -28.8%

Spotsylvania County 1,823 2,059 12.9% 1,238 1,481 19.6% $305,000 $355,000 16.4% 273 255 -6.6%

Stafford County 2,196 2,292 4.4% 1,484 1,679 13.1% $380,000 $440,000 15.8% 259 211 -18.5%

Westmoreland County 358 393 9.8% 170 259 52.4% $200,000 $250,000 25.0% 168 105 -37.5%

New Listings YTD Sales YTD Median Sales Price YTD Active Listings YTD


Area Overview - Single Family Detached Market


Caroline County 73 88 20.5% 67 76 13.4% $256,000 $301,950 17.9% 81 74 -8.6% 1.8 1.2 -31.9%

Fredericksburg 56 62 10.7% 36 36 0.0% $338,945 $399,000 17.7% 71 47 -33.8% 2.8 1.3 -53.8%

King George County 50 66 32.0% 56 56 0.0% $330,000 $380,000 15.2% 56 52 -7.1% 1.5 1.3 -15.2%

Orange County 84 127 51.2% 94 94 0.0% $281,500 $350,000 24.3% 132 94 -28.8% 2.2 1.3 -42.2%

Spotsylvania County 309 433 40.1% 293 342 16.7% $300,000 $368,750 22.9% 271 255 -5.9% 1.3 1.0 -25.3%

Stafford County 353 445 26.1% 397 420 5.8% $393,000 $454,950 15.8% 257 203 -21.0% 1.1 0.7 -33.5%

Westmoreland County 71 68 -4.2% 41 51 24.4% $237,000 $281,020 18.6% 165 105 -36.4% 5.5 2.2 -59.9%

New Listings Sales Median Sales Price Active Listings Months Supply


Area Overview - Single Family Detached Market YTD


Caroline County 475 519 9.3% 280 364 30.0% $228,950 $273,559 19.5% 81 74 -8.6%

Fredericksburg 259 306 18.1% 158 219 38.6% $345,230 $389,000 12.7% 71 47 -33.8%

King George County 379 329 -13.2% 211 229 8.5% $319,900 $364,950 14.1% 56 52 -7.1%

Orange County 514 581 13.0% 321 411 28.0% $269,950 $323,823 20.0% 132 94 -28.8%

Spotsylvania County 1,815 2,053 13.1% 1,234 1,477 19.7% $305,000 $356,639 16.9% 271 255 -5.9%

Stafford County 2,142 2,218 3.5% 1,440 1,619 12.4% $383,000 $445,000 16.2% 257 203 -21.0%

Westmoreland County 352 390 10.8% 166 255 53.6% $200,000 $253,000 26.5% 165 105 -36.4%



Area Overview - Townhome & Condo Market


Caroline County 0 2 n/a 0 0 n/a $0 $0 n/a 0 1 n/a 0.0 2.4 n/a

Fredericksburg 2 1 -50.0% 1 5 400.0% $267,000 $260,000 -2.6% 2 4 100.0% 1.6 2.1 30.4%

King George County 0 0 n/a 0 0 n/a $0 $0 n/a 0 0 n/a 0.0 0.0 n/a

Orange County 0 0 n/a 1 0 -100.0% $64,500 $0 -100.0% 0 0 n/a 0.0 0.0 n/a

Spotsylvania County 3 2 -33.3% 2 1 -50.0% $189,750 $305,000 60.7% 2 0 -100.0% 2.7 0.0 -100.0%

Stafford County 12 19 58.3% 11 10 -9.1% $240,000 $307,500 28.1% 2 8 300.0% 0.2 0.9 281.3%

Westmoreland County 3 0 -100.0% 0 0 n/a $0 $0 n/a 3 0 -100.0% 4.5 0.0 -100.0%

New Listings Sales Median Sales Price Active Listings Months Supply


Area Overview - Townhome & Condo Market YTD


Caroline County 1 4 300.0% 4 3 -25.0% $210,000 $227,000 8.1% 0 1 n/a

Fredericksburg 10 19 90.0% 2 12 500.0% $281,000 $269,500 -4.1% 2 4 100.0%

King George County 0 0 n/a 0 0 n/a $0 $0 n/a 0 0 n/a

Orange County 2 1 -50.0% 4 2 -50.0% $64,250 $120,549 87.6% 0 0 n/a

Spotsylvania County 8 6 -25.0% 4 4 0.0% $189,750 $271,500 43.1% 2 0 -100.0%

Stafford County 54 74 37.0% 44 60 36.4% $242,500 $275,000 13.4% 2 8 300.0%

Westmoreland County 6 3 -50.0% 4 4 0.0% $199,000 $188,250 -5.4% 3 0 -100.0%



Documents

MARKET INDICATORS REPORT · 2021. 7. 21. · was the only local market to have significant growth in pending sales this month (+44.4%). Prices are soaring in the FAAR housing market;