Each month, we go over the days on market, closed sales, and months of supply for each of the following counties in the greater Fredericksburg VA area:
It's been a busy and productive few months since we last updated you on the market.
There are currently 973 Fredericksburg, VA homes for sale. Based on August sold data, this is a 2-month supply of homes for sale. Most experts agree that a 6-month supply is necessary to have a balanced housing market where buyers and sellers get some of what they want in negotiations.
Increasingly, we are seeing landlords list their investment properties for sale. This is “pushing” renters into the market.
In case you haven't read the FAAR Economic and Housing Market Update, here are our five key takeaways from the real estate market report, as well as a link to the report itself below.
So what has changed in housing market trends in 2021? We are seeing landlords list their investment properties for sale. This is “pushing” renters into the market. This has significantly increased the home-shopping pool. Many of the shoppers are ready, willing, and able to buy a home. Others would like to rent.
The assistance of many real estate specialists along with your REALTOR is required to complete the sale or purchase of a home. Some of these include loan officers, appraisers, home inspectors, settlement agents, surveyors, and termite inspectors. 1st Choice Better Homes & Land, LC works closely with these specialists to coordinate a timely settlement. In Virginia, the purchaser has the option of selecting the loan officer, home inspector, settlement agent, and surveyor. The seller customarily selects the termite inspector, and the appraisal management company selects the appraiser.
The following are the primary utility providers in the city of Fredericksburg, Spotsylvania, Stafford, King George, Caroline and Orange counties in Virginia.
1302 Bragg Road, Fredericksburg, VA 22407
540-786-0088 Office | 540-786-9977 Fax
1stchoicebhl@gmail.com
