This real estate market report summarizes real estate trends in the Fredericksburg, Virginia area in 2019. The report finds a slight seller's market with home prices up 3.6% over last year and low housing inventory. Higher-priced homes are taking longer to sell as buyers focus on affordable options and remain conservative after the 2008 housing crash. Properly priced homes typically sell for 96% of the asking price, with most sellers offering up to 3% in closing costs assistance. The report includes charts analyzing home sales, prices, inventory, demographics, and the local economy.

2. M A R K E T R E P O R T
C O N T A C T
matthew@cbeva.com
540.455.3350
520a William Street
Fredericksburg, VA 22401
www.VAHomePlace.com
Facebook.com/matthewrathbunrealtor
twitter @mattrathbun
instagram @matthew_rathbun
S O C I A L M E D I A
Matthew
Rathbun
This real estate market report is
compiled as a snapshot of the regional
health of the Fredericksburg, Virginia
area.
I've seen a balanced market for the past
few years and today, in 2019, we are
seeing a slight seller's market with a
3.6% over last year and very little
inventory.
Higher priced homes seem to be lingering
on the market as the consumer has
focused more on affordable housing and
even 10 years after the last market crash
is still be conservative on what they're
willing to pay.
According to our MLS, properly priced
homes are selling for 96% of asking price
and a majority of sellers are paying up to
3% in closing cost assistance to buyers.
The rest of the report shows trends past
and present and where our growth
patterns are for the greater
Fredericksburg area
R E A L E S T A T E B R O K E R

3. Median Sales Price
Public Records
Median Sales Price
Listings
Sales Volume
Public Records
Sales Volume
Listings
MedianSalesPrice vs. Sales
Volume
Thischart comparesthe price trend and
salesvolume for homesin an area.
Home pricestypically followsales
volume, with a time lag, since sales
activity isthe driver behind price
movements.
Data Source: Public recordsand listings
data
Update Frequency: Monthly
Neighborhood: Housing Stats and Charts
Fredericksburg
(City) Virginia USA
Median Estimated Home Value $297K $309K $241K
Estimated Home Value 12-Month Change +3.7% +1.8% +5.3%
Median List Price $330K $290K $117K
List Price 1-Month Change +0.5% +1.8% +6.4%
List Price 12-Month Change -1.5% +0.3% +7.3%
Median Home Age 26 36 40
Own 36% 66% 64%
Rent 64% 34% 36%
$ Value of All Buildings for which Permits Were Issued – $3.25B $102B
% Change in Permits for All Buildings – -1% +2%
% Change in $ Value for All Buildings – +2% +7%
Fredericksburg, Virginia
Copyright 2019Realtors PropertyResource®LLC. All Rights Reserved.
Informationis not guaranteed. Equal Housing Opportunity. 5/26/2019

4. Median List Price
Listing Volume
MedianListingPrice vs. Listing
Volume
Thischart comparesthe listing price and
listing volume for homesin an area.
Listing pricesoften followlisting volume,
with a time lag, because supply can drive
price movements.
Data Source: On- and off-market listings
sources
Update Frequency: Monthly
Sales Count By Price Range
Price Range of HomesSold
Thischart showsthe distribution of
homesreported sold in the past six
monthswithin different price rangesin
the area of your search. The amount
shown for the subject property issold
data where available, or the property's
estimated value when salesdata are
unavailable (such asa non-disclosure
state) or provided in range format.
Data Source: Public recordsand MLS
data where licensed
Update Frequency: Monthly
Sales Count By Price Per Sq Ft
Price per Square Foot of
HomesSold
Thischart showsthe distribution of
homesreported sold in the past six
monthsat different pricesper square foot
(living area sourced from public records).
Data Source: Public recordsand MLS
data where licensed
Update Frequency: Monthly
Fredericksburg, Virginia
Copyright 2019Realtors PropertyResource®LLC. All Rights Reserved.
Informationis not guaranteed. Equal Housing Opportunity. 5/26/2019

5. Sales Count By Living Area
Size of HomesSold
Thischart showsthe distribution of
homesreported sold in the past six
monthsof different sizesin the area of
your search.
Data Source: Public recordsdata
Update Frequency: Monthly
Sales Count by Age of House
Age Range of HomesSold
Thischart showsthe distribution of
homesreported sold in the past six
monthsof different age rangesin the
area of your search.
Data Source: Public recordsand MLS
data where licensed
Update Frequency: Monthly
Sales Count by Bedroom
Number of Bedroomsin
HomesSold
Thischart showsthe distribution of
homesreported sold in the past six
months, according to the number of
bedrooms, in the area of your search.
Data Source: Public recordsdata
Update Frequency: Monthly
Fredericksburg, Virginia
Copyright 2019Realtors PropertyResource®LLC. All Rights Reserved.
Informationis not guaranteed. Equal Housing Opportunity. 5/26/2019

6. Neighborhood: People Stats and Charts
Fredericksburg
(City) Virginia USA
Population 28.1K 8.37M 321M
Population Density per Sq Mi 2.69K 212 –
Population Change since 2010 +16.9% +7.1% +6.9%
Median Age 30 38 38
Male / Female Ratio 46% 49% 49%
Fredericksburg, Virginia
Copyright 2019Realtors PropertyResource®LLC. All Rights Reserved.
Informationis not guaranteed. Equal Housing Opportunity. 5/26/2019

7. EducationLevelsof
Population
Thischart showsthe educational
achievement levelsof adultsin an area,
compared with other geographies.
Data Source: U.S. CensusAmerican
Community Survey via Esri, 2016
Update Frequency: Annually
Fredericksburg
Populationof Childrenby Age
Group
Thischart showsthe distribution of the
population of children by age range —
from birth to 17 —in the area of your
search.
Data Source: U.S. Census
Update Frequency: Annually
Fredericksburg, Virginia
Copyright 2019Realtors PropertyResource®LLC. All Rights Reserved.
Informationis not guaranteed. Equal Housing Opportunity. 5/26/2019

8. Fredericksburg
Populationof Adultsby Age
Group
Thischart showsthe distribution of the
population of adultsby age range —
from 18 to 75-plus—in the area of your
search.
Data Source: U.S. Census
Update Frequency: Annually
Fredericksburg
HouseholdsWithChildren
Thischart showsthe distribution of
householdswith children, categorized by
marital status, in the area of your search.
Data Source: U.S. Census
Update Frequency: Annually
Fredericksburg
HouseholdIncome Brackets
Thischart showsannual household
income levelswithin an area.
Data Source: U.S. Census
Update Frequency: Annually
Presidential VotingPattern
Thischart showshowresidentsof a
county voted in the 2016 presidential
election.
Data Source: USElectionAtlas.org
Update Frequency: Quadrennially
Fredericksburg, Virginia
Copyright 2019Realtors PropertyResource®LLC. All Rights Reserved.
Informationis not guaranteed. Equal Housing Opportunity. 5/26/2019

9. Median Sales Price
Unemployment
MedianSalesPrice vs.
Unemployment
Thischart showsthe relationship
between employment and home prices
in a metro area. Employment isa good
measure of the strength of the local
economy. Generally speaking, the better
the job market, the more likely home
pricesare rising.
Data Source: Moody'sAnalytics:
economy.com
Update Frequency: Monthly
Fredericksburg
Virginia
USA
Unemployment Rate
Thischart showsthe unemployment
trend in the area of your search. The
unemployment rate isan important driver
behind the housing market.
Data Source: Bureau of Labor Statistics
Update Frequency: Monthly
Neighborhood: Economic Stats and Charts
Fredericksburg
(City) Virginia USA
Income Per Capita $32,359 $36,268 $31,177
Median Household Income $57,258 $68,766 $57,652
Unemployment Rate 3.7% 3% 3.8%
Unemployment Number 512 133K 6.21M
Employment Number 13.4K 4.24M 157M
Labor Force Number 13.9K 4.37M 163M
Fredericksburg, Virginia
Copyright 2019Realtors PropertyResource®LLC. All Rights Reserved.
Informationis not guaranteed. Equal Housing Opportunity. 5/26/2019

10. Fredericksburg
Occupational Categories
Thischart showscategoriesof
employment within an area.
Data Source: U.S. Census
Update Frequency: Annually
Fredericksburg, Virginia
Copyright 2019Realtors PropertyResource®LLC. All Rights Reserved.
Informationis not guaranteed. Equal Housing Opportunity. 5/26/2019

11. Fredericksburg
Average Commute Time
Thischart showsaverage commute times
to work, in minutes, by percentage of an
area'spopulation.
Data Source: U.S. Census
Update Frequency: Annually
HowPeople Get to Work
Thischart showsthe typesof
transportation that residentsof the area
you searched use for their commute.
Data Source: U.S. Census
Update Frequency: Annually
Average Monthly
Temperature
Thischart showsaverage temperaturesin
the area you searched.
Data Source: NOAA
Update Frequency: Annually
Neighborhood: Quality of Life Stats and Charts
Quality of Life in22401
Fredericksburg
(City) Virginia USA
Elevation (in feet) 160 973 –
Annual Rainfall (in inches) 45 43.86 –
Annual Snowfall (in inches) 18.05 19.77 –
Days of Full Sun (per year) 98 93 –
Travel Time to Work (in minutes) 28 28 26
Water Quality - Health Violations – – –
Water Quality - Monitoring and Report Violations – – –
Superfund Sites 0 38 2,370
Brownfield Sites Yes Yes Yes
Fredericksburg, Virginia
Copyright 2019Realtors PropertyResource®LLC. All Rights Reserved.
Informationis not guaranteed. Equal Housing Opportunity. 5/26/2019

12. P R O F I L E
C O N T A C T
matthew@cbeva.com
540.455.3350
520a William Street
Fredericksburg, VA 22401
www.VAHomePlace.com
Facebook.com/matthewrathbunrealtor
twitter @mattrathbun
instagram @matthew_rathbun
S O C I A L M E D I A
Matthew
Rathbun
E X P E R I E N C E
I consider myself a supporting character in your story. The
decision to buy or sell a home is often a milestone in most
people's life. For many, it can be stressful and
complicated. My role is to act as your guide and help you
navigate the process. I have advanced training in all
aspects of the journey from negotiation to marketing and I
use all of those skills and tools to help you find the best
possible outcome so that you know you and your family
are protected.
S P E C I A L I T Y D E S I G N A T I O N S
A C C O L A D E S
CRS - Counsel of Real Estate Specialist
SRS - Seller Representative Specialist
GRI - Graduate of the Realtor Institute
RENE - Real Estate Negotiations Expert
SmartHome Certified
ABR - Accredited Buyer Representative
CIPS - Certified International Specialist
CRB - Counsel of Real Estate Brokers
ePRO - Certified Technology Professional
GREEN - Green Home Certified
R E A L E S T A T E B R O K E R
2009 Coldwell Banker Elite
REALTOR® | Executive Vice President
2007 Fredericksburg Assoc. of REALTORS®
Director of Professional Development
2003 Snow Realty, Inc.
REALTOR®
Virginia Realtors Instructor of the Year – 2007
Virginia Realtors Graduate VR Leadership Academy – 2007
Fredericksburg Assoc. of Realtors – Rookie of the Year 2003
Fredericksburg Assoc. of Realtors – President’s Award 2010
Fredericksburg Assoc. of Realtors – Code of Ethics Award 2011
Fredericksburg Assoc. of Realtors – Honor “Role” 2007-Current
Fredericksburg Assoc. of Realtors – Production Awards 2003-2006
Coldwell Banker Recruiter Award - Virginia