Fredericksburg Market Watch

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Price Range Activity in the Fredericksburg Real Estate Market

Market activity - the supply and demand for homes-can vary significantly by price range with large inventories and slow sales in one price range and low inventory and quick sales in another. The following table displays, by price range, supply and demand data for the home in Fredericksburg to include the city of Fredericksburg and Stafford, Spotsylvania, King George, and Caroline counties. Large differences in market activity between price ranges should be considered when planning to both sell a home and purchase another in a different price range.

The supply of Fredericksburg homes for sale in each price range is listed under inventory. New contracts reflect recent demand and include both contingent and non-contingent contracts written within the 30-day period specified. The absorption rate is computed by dividing the inventory by the 30-day contracts and approximates the time required, at the 30-day rate of contracting, for the market to absorb the existing inventory of residential housing. Absorption rate is most sensitive to changing demand in those price ranges where few contracts are written.

From 10/4/06 to 11/4/06

Price Range Inventory New Contracts Absorption Rate
(mo.) DOM

$000,000 - 199,000 111 28 4.0 93

$200,000 - 249,999 301 63 4.8 95

$250,000 - 299,999 566 97 5.8 105

$300,000 - 349,999 490 51 9.6 107

$350,000 - 399,999 544 51 11 117

$400,000 - 449,999 380 21 18 123

$450,000 - 499,999 367 15 24 133

$500,000 - 599,000 328 18 18 131

$600,000 - 699,999 229 10 23 146

$700,000 - 799,999 107 10 11 147

$800,000 - 999,999 77 4 19 128

$1,000,000 plus 49 0 -- 140

Source: Metropolitan Regional Information System (MRIS).

The information provided here is believed to be accurate but not guaranteed. Because the decision to purchase or sell real estate is one of life's most important financial decisions, multiple sources of information should be considered in making an informed decision. Consult your accountant, financial planner, attorney and Fredericksburg real estate agent.

We would appreciate any feedback or suggestions on the statistics provided here. And, please contact us if you would like us to provide you with specialize analysis on the Fredericksburg real estate market.

From 10/4/06 to 11/4/06
Price Range	Inventory	New Contracts	Absorption Rate (mo.)	DOM
$000,000 - 199,000	111	28	4.0	93
$200,000 - 249,999	301	63	4.8	95
$250,000 - 299,999	566	97	5.8	105
$300,000 - 349,999	490	51	9.6	107
$350,000 - 399,999	544	51	11	117
$400,000 - 449,999	380	21	18	123
$450,000 - 499,999	367	15	24	133
$500,000 - 599,000	328	18	18	131
$600,000 - 699,999	229	10	23	146
$700,000 - 799,999	107	10	11	147
$800,000 - 999,999	77	4	19	128
$1,000,000 plus	49	0	--	140
Source: Metropolitan Regional Information System (MRIS).