MyMarketPulse (mymarketpulse.com) has unveiled its analysis for May 2024, focusing on the property market trends in Fredericksburg, Virginia.
May 2024’s data reveals a Median Sale Price of $517,500 for homes in Fredericksburg. This figure represents a growth of 5.8% month-over-month and a 13.7% year-over-year decrease.
The area witnessed the sale of 13 homes during this period, which is a 43.5% decrease from the preceding month and a decrease of 38.1% compared to the same timeframe last year.
The median time homes spent on the market was 33 days, which is up 6 days compared to last month and an increase of 9 days over the previous year.
The Market Pulse Score for Fredericksburg comes in at 102, pointing to a rising trend within the local real estate market.
For more information about the Fredericksburg, Virginia market, visit MyMarketPulse.com.
MyMarketPulse is a free service of Digital Build Team (DBT, DigitalBuildTeam.com). Its goal is to help everyone quickly understand and compare real estate markets by providing timely data and visual analysis to help explain current market trends and predict future opportunities.
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