Metropolitan Statistical Area (MSA):
Fredericksburg, TX is a Metropolitan Statistical Area (MSA) comprising counties including .
There is no doubt that the Fredericksburg, TX metropolitan statistical area (MSA) is a hotbed for real estate activity. The combination of strong job growth, low interest rates, and an influx of retirees and other adults seeking a slower pace of life has resulted in increased demand for both residential and commercial properties.
The most recent data from the National Association of Realtors shows that the median sales price for existing homes in the Fredericksburg MSA was $247,000 in the first quarter of 2019, up 7.4% from the same period last year. The number of homes sold also increased by 5.3%, indicating that buyers are willing to pay more for properties that are available.
The trend towards higher prices and more sales is expected to continue in 2019, as job growth remains strong and interest rates remain low by historical standards. The combination of these factors should result in continued increases in both home prices and sales volume throughout the Fredericksburg MSA.