FREDERICKSBURG CITY HOUSING MARKET DATA

There was an increase in total units sold in May, with 32 sold this month in Fredericksburg City Real Estate versus 26 last month, an increase of 23%. This month's total units sold was higher than at this time last year, an increase of 28% versus May 2024.

Versus last year, the total number of homes available this month is lower by 5 units or 9%. The total number of active inventory this May was 53 compared to 58 in May 2024. This month's total of 53 is lower than the previous month's total supply of available inventory of 57, a decrease of 7%.

Last May, the median sale price for Fredericksburg City Homes was $445,000. This May, the median sale price was $524,950, an increase of 18% or $79,950 compared to last year. The current median sold price is 14% higher than in April.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In May, there was 1.7 months of supply available in Fredericksburg City, compared to 2.3 in May 2024. That is a decrease of 29% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 47 homes newly listed for sale in Fredericksburg City, which is similar to the amount in May 2024. There were 31 current contracts pending sale this May compared to 33 a year ago. The number of current contracts is 6% lower than last May.

In May, the average sale price in Fredericksburg City was 98.6% of the average list price, which is 0.9% lower than at this time last year.

This month, the average number of days on market was 25, lower than the average last year, which was 26, a decrease of 4%.





FOCUS ON: FREDERICKSBURG CITY HOUSING MARKET			MAY 2025

Units Sold 32	Active Inventory 53	Median Sale Price $524,950	Days On Market 25

Up 28% Vs. Year Ago	Down -9% Vs. Year Ago	Up 18% Vs. Year Ago	Down -4% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 32 sold this month in Fredericksburg City Real Estate versus 26 last month, an increase of 23%. This month's total units sold was higher than at this time last year, an increase of 28% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 5 units or 9%. The total number of active inventory this May was 53 compared to 58 in May 2024. This month's total of 53 is lower than the previous month's total supply of available inventory of 57, a decrease of 7%.
		Median Sale Price Last May, the median sale price for Fredericksburg City Homes was $445,000. This May, the median sale price was $524,950, an increase of 18% or $79,950 compared to last year. The current median sold price is 14% higher than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 47	Current Contracts 31	Sold Vs. List Price 98.6%	Months of Supply 1.7

No Change Vs. Year Ago	Down -6% Vs. Year Ago	Down -0.9% Vs. Year Ago	Down -28% Vs. Year Ago


		Months of Supply In May, there was 1.7 months of supply available in Fredericksburg City, compared to 2.3 in May 2024. That is a decrease of 29% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 47 homes newly listed for sale in Fredericksburg City, which is similar to the amount in May 2024. There were 31 current contracts pending sale this May compared to 33 a year ago. The number of current contracts is 6% lower than last May.
		Sale Price to List Price Ratio In May, the average sale price in Fredericksburg City was 98.6% of the average list price, which is 0.9% lower than at this time last year. Days on Market This month, the average number of days on market was 25, lower than the average last year, which was 26, a decrease of 4%.



	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.