Fredericksburg Parent

24 Fredericksburg Parent and Family • April 2022 Anyone can open a door, but ACT does so much more ... … and that's more important than ever in today's market! It's hard to miss the headlines about the record-setting real estate market we are witnessing here in Virginia. 2021 saw a 10% jump in the number of home sales statewide, and a 9.4% increase in the median home sales price, according to the Virginia Association of REALTORS. Meanwhile, we are dealing with historically low inventory, which means homes are sell- ing after only a short time on the market, and households who may be ready to sell are hav- ing trouble finding that perfect home to move to. While interest rates are creeping up, they are still historically low, meaning home buy- ers can still take advantage of the increased buying power that comes with less expensive financing. This is a dynamic market that still holds a wealth of opportunity for buyers and sell- ers alike. In this fast-paced environment, it's crucial to work with an experienced and broad-based real estate team to make sure you protect the value of your investment in your current home and are able to jump on the best deal possible for the home you aspire to purchase. "The competition is as stiff as ever," says Amy Cherry Taylor of Amy Cherry Taylor & Associates of Avery Hess Realtors in Spotsylvania County. "You've got to have a knowledgeable Realtor with a proven strategy and strong negotiating skills." This is a dynamic market that still holds a wealth of opportunity for buyers and sellers alike. Sponsored Material INTERVIEWED BY EMILY FREEHLING Your Guide to a Red-Hot Market Photo credit to Melissa De Vera Photography.

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