Results from the second quarter of 2009 show that the Fredericksburg real estate market was showing slight signs of improvement. In the entire Frederick County, the average price of a home sold rose from $265,400 in the year's first quarter to $273,000, while the inventory of homes on the market declined.
According to the Metropolitan Regional Information System data provider, in November, the average sale price in Frederick County was at $259,688, down by 6.1% from figures from the prior year. The median sale price was not much better, at $234,450, off 2.8% from 2008. The two areas where the market did show improvement was in sales volume and days on the market.
The number of sales in November in Frederick County was 216, up by 58.8% from last year's volume, and the average number of days homes for sale in Fredericksburg are spending on the market had fallen to 104 in November, down nearly 25% from 2008. The total sales volume in a dollar amount in November was up by almost 50% in the month, most likely as many homebuyers were spurred on by the government's extended plan to offer tax incentives for home buyers.