09/06/2026
Big news from the Fed this week, and it's already moving mortgage rates right here at home! 🏡
Here's your weekly market update for Lynchburg City, Amherst, Appomattox, Bedford, and Campbell Counties.
📊 This week in numbers:
- 130 new listings, the most we've seen since mid-July
- 19+ homes sold daily, with 13 new agreements reached each day
- Days on market rose 22% to 46 days on average (though half of homes still sell in under 17 days!)
- $300,000 remains the most common price bracket, at 27% of listings
- Median home price is now $315,000, up 1.6% this week
🏦 The Fed responded to a weak inflation report paired with strong employment numbers, and mortgage rates rose in response. The 30-year average is now 6.6%. Historically speaking, we're still between the 50-year average (7%) and 30-year average (5.62%), so it's all about perspective.
📈 Affordability is shifting too. Based on the 2025 U.S. Census Bureau's American Community Survey, the average home now represents about 24% of household income in our area.
✨ This week's showcase listing is a beautiful $1.1 million estate on 9.5 acres.
🏘️ We're at 2.5 months of housing supply right now, a light Seller's Market with 1,028+ homes to choose from.
If buying is on your mind for the next 18 months, come learn at my Homebuyer Bootcamp! Two dates to choose from, Friday at 6:30pm or Saturday at 9am. Tickets are BOGO for just $9.
👉 Get the details at haeferhomes.com/events
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Call or text me anytime at 434-944-6982.
I'm Nathan Haefer with Haefer Homes powered by Keller Williams.
Live. Dream. Own.