Local real estate experts in Fredericksburg, Virginia, say now, when interest rates are low, is the time to buy.
While the sales of existing homes decline in many market across the nation, Fredericksburg saw 29 of its 225 home inventory go under contract or sell in September.
This strong buyers market is seeing an average single family home price of $336,000 at this time.
Because of these conditions, "sellers are having to price their homes right ... that will catch the buyer's eye. New home builders are offering strong incentives."
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Published: October 4, 2007
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