Fredericksburg real estate market report second quarter

The median sold sales price for homes in the Fredericksburg, VA area from March, 2015 to June, 2015 was $240,000. This was based on the property sales of 293 units. The median sales price was down 7.7% of that of last year at this time period. The average price per square foot on finished space was $146. Real estate sales numbers decreased 47.6%. The average list price for homes in the Fredericksburg area is $390,682 for the first week in June. This showed a slight increase in that of the week prior. This slow start may be an indication that buyers haven't started hitting the streets and inventory is still low. I predict activity to pick up following the area school graduations and when schools let out for summer vacations.