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Drive By Gem at 407 Faquier St. in downtown Fredericksburg

Fredericksburg Housing Sales Down

by | Dec 13, 2014 | Real Estate

By Susan Larson

Housing sales in Fredericksburg (22401) were down in August 2014 over the same period a year ago, according to statistics released by RealEstate Business Intelligence, LLC.

There were 21 closed sales in August, down 36.4 percent over August 2013.
Home sales totaled $5,764,199 million for the month, 41.4 percent less than August 2013.

While this is bad news for sellers, it is good news for buyers.¬† “Fredericksburg is a definite buyer’s market, with nine months of inventory to choose from on top of the downward trend in sales and prices,” reported the September 11 edition of Homesnap.
For more on real estate, see Drive By Gem.
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