Houses in the Fredericksburg region sold faster and at higher prices during the second quarter of 2016 compared to the previous year and the previous quarter, according to the Fredericksburg Area Association of Realtors.
“With a reduction in inventory during the second quarter, houses have sold faster than normal,” said FAAR president Christine Singhass.
The median number of days homes spent on the market decreased from 73 to 71 between quarters. And inventory slipped to 1,656 active listings at the end of the second quarter of 2016, compared to 1,995 at the end of 2015’s second quarter.
