Housing Prices Up in Fredericksburg
The local increase follows a national trend.
The number of City of Fredericksburg closed home sales and the median price of those sales increased in October 2012, according to RealEstate Business Intelligence (RBI). The October 2012 Local Market Index report says the median completed sale price of residential properties in Fredericksburg was $300,000: The number of closed sales was also up in October, to a total of 19 residential properites sold. Residential properties as defined by RBI include condos, co-ops, townhouses and detached homes. The upward numbers reflect a nationwide housing market trend, reported by the National Association of Home Builders (NAHB) on November 19. "Builder confidence in the market for newly built, single-family homes posted a solid, five-point gain to …
