Sun Nov 17 2019
This week the median list price for Fredericksburg, VA is $397,494 with the market action index hovering around 38. This is less than last month's market action index of 39. Inventory has held steady at or around 484.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$397,494|
|Per Square Foot||$131|
|Days on Market||106|
|Slight Seller's Advantage|
Prices appear to be hovering around their high point. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$619,000||5,026||1 - 2.5 acres||5||3||9||3||14||151|
|$434,900||3,700||0.5 - 1 acre||4||3||12||6||15||104|
|$363,900||2,895||0.25 - 0.5 acre||4||2||15||11||20||91|
|$269,900||1,784||0.25 - 0.5 acre||3||2||35||16||29||75|