Fredericksburg, VA Market Update for May 2007

Here are the latest real estate market statistics for Fredericksburg, VA area.
These numbers represent single family (SFR) homes and condos.  The percentage of homes on the market where the asking price has been reduced: 41.8%**

Average	April 2007	May 2007	% Change
Asking Price	$357,616	$377,164	5.5%
Sales Price	$352,317	$368,062	4.5%
% of Asking Price	99%	98%	-1.0%
$/SQFT	$137	$145	5.8%
Days on Market	137	140	2.2%
Total Transactions	37	37	0.0%

Search for Fredericksburg, VA homes for sale. Read a neighborhood overview for Fredericksburg, VA.  Read more about additional neighborhoods and communities in the Greater Washington DC Area

All numbers are from the MLS and are deemed reliable but not guaranteed. * Market numbers as of 6/5/2007: 586 properties on the market with 245 showing price reductions. Days on market reflect number of days between listing date on MLS and close of escrow.