There were 276 closed sales on homes in the Fredericksburg area during February, with a median price of $219,900, according to a Fredericksburg Area Association of Realtors (FAAR) report.
The median price is down slightly from last month (4.37 percent), but up 7.27 percent from a year ago.
Average days on the market for February sales was 67 days. That's a decrease of 26.37 percent from a year ago, showing continued improvement. In February 2008 the average days on the market was at its highest of the last five years -- 150 days.
FAAR includes the City of Fredericksburg and the counties of Caroline, King George, Spotsylvania and Stafford.
Recent real estate stories on Fredericksburg Patch:
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