Slowdown is Coming

"A month ago, Janel O'Malley helped a client buy a house for $101,000 less than it was listed for.

That kind of deal, the Realtor for Coldwell Banker Carriage House Realty said, has been practically unheard of in Fredericksburg's spicy-hot housing market. But now, it's happening more frequently.

Realtors say sellers shouldn't panic. But houses are staying on the market longer, fewer sales are happening each month and property is not appreciating as fast as it was."

Full article...