Fredericksburg Area Housing Market Shows Improvement

There were 276 closed sales on homes in the Fredericksburg area during February, with a median price of $219,900, according to a Fredericksburg Area Association of Realtors (FAAR) report. 

The median price is down slightly from last month (4.37 percent), but up 7.27 percent from a year ago.

Average days on the market for February sales was 67 days.  That's a decrease of 26.37 percent from a year ago, showing continued improvement.  In February 2008 the average days on the market was at its highest of the last five years -- 150 days.

FAAR includes the City of Fredericksburg and the counties of Caroline, King George, Spotsylvania and Stafford.

Recent real estate stories on Fredericksburg Patch:

• 9 Homes for Sale in Fredericksburg

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