OK, So How's The Market This Month?

You know it is great to have someone bright working with you!

Homes for sale in the Fredericksburg VA area continue to languish on the market.  The slowdown now is not unique to August.  It is typical with people concentrating on getting the children back into school ("Hurray" shout all of you with school age children).

My daughter, Dawn DeGroff, who works with me developed some information that I think is pretty interesting.

There were 213 detached/single family homes sold in the City of Fredericksburg VA, Spotsylvania County VA, and Stafford County VA during the past 30 days (as of yesterday).

26% of them were priced between $200,000 and $299,999.

43% of them were priced between $300,000 and $399,900.

17% of them were priced between $400,000 and $499,999.

12% of them were priced over $500,000 and 2% were priced below $200,000.

July sales reports from the Metropolitan Regional Information Systems multiple listing service show that the median price range for homes sold in our area (which also includes King George County and Caroline County) to be $316,000.  Sales in July were off 20.18% from last July.

Hopefully, this trend will change soon!