$1.2M  
The number of sellers reducing prices in the 22637 zip code market trended up to five over the last 30 days, extending a three-week streak. During the same period, three sales were completed. As the number of sellers reducing price trended higher, months of inventory continued to fall, trending downwards for four weeks to reach 11 months. The 22637 zip code is a definite buyer's market, thanks to such a large amount of inventory to choose from and the pullback in sales numbers.
Comments:

$1.2M  
New listings have increased in the 22637 zip code market, reaching a high that hasn't been seen since June. The market is slumping, with the sale of four homes over the last 30 days extending a three-week positive trend. In comparison, the 22602 zip code had 35 new listings in the same time frame, the most of all nearby zip codes. Furthermore, a three-week upward trend in sales is expected to come to an end over the coming weeks. Potential buyers should note that prices are coming down in the 22637 zip code, and for this period the median sales price slid from $203,000 to $190,000. Along with the slip in sales, a relatively high eight months of inventory indicates that the 22637 zip code is a strong buyer's market.
Comments:

$185K  
Sales remained steady from last week to this week, with six homes sold in the 22637 zip code market over the last 30 days. However, a recent downturn in the number of pending transactions continued, with four completed in the same period. All indications show that the trend may be coming to an end, meaning more pending transactions over the next few weeks. Potential buyers should note that prices are coming down in the 22637 zip code, and for this period the median sales price slid from $220,000 to $203,000.
Comments:

$264K  
With five homes sold in the 22637 zip code market over the last 30 days, we see no change from last week's numbers. In addition, there was no shift in the amount of sellers who came into the market in the same time frame, with four new listings for buyers to choose from. The median sales price remained unchanged over the latest reporting period for the 22637 zip code, coming in at $245,000. The 22637 zip code is a strong buyer's market, thanks to a big seven months of inventory to choose from and the flat sales.
Comments:

$349K  
The population of the 22637 zip code is affluent compared to others in Virginia with a median income of $57,096 per household. It's also considered an expensive zip code in terms of affordability with a cost of living adjustment score of 103.5. Homes in the 22637 zip code are relatively old with a median age of 27 years.
Comments:

$442K  
The 22637 zip code market was busy this week as sales spiked 25.0% to hit five homes sold over the last 30 days. At the same time, the 22602 zip code reported 63 home sales, the highest number from all the surrounding zip codes. The median sales price climbed to $245,000 over the latest reporting period for the 22637 zip code, up from $222,500. The 22637 zip code is still a solid buyer's market, in spite of the uptick in sales, thanks to the availability of seven months of remaining inventory.
Comments:

$390K  
The number of home sales in the 22637 zip code market rose 100.0% to four homes over the last 30 days, exceeding the 3.0 monthly average for the last 12 months. To put it in perspective, the close-by 22602 zip code registered 60 homes sold in the same period, the most of all surrounding zip codes. Potential buyers should note that prices are coming down in the 22637 zip code, and for this period the median sales price slid from $224,000 to $222,500. The 22637 zip code is still a strong buyer's market, in spite of the uptick in sales, thanks to the availability of nine months of remaining inventory.
Comments:

$1.2M  
Over the past 30 days, there have been fewer price cuts in the 22637 zip code market, continuing a six-week declining trend to land at four. However, home sales were up to two over the same period. All indications show that the trend may be coming to an end, meaning more price reductions over the next few weeks. Of course, as the number of sellers lowering their price trended down, the median sales price climbed, hitting a three-month high at $224,000. Despite the rising prices, with 18 months of inventory left to work through, the 22637 zip code is still a definite buyer's market.
Comments:

$442K  
With one home sold in the 22637 zip code market over the last 30 days, we see no change from last week's numbers. In addition, there was no shift in the amount of sellers who came into the market in the same time frame, with five new listings for buyers to choose from. The median sales price tumbled to $79,000, down from last week's $203,000. The 22637 zip code is a solid buyer's market, thanks to a big 34 months of inventory to choose from and the flat sales.
Comments:

$442K  
Home sales in the 22637 zip code market dipped below its average sales volume for the prior 12-month period. In this week's report, they slid 66.7% to one home sold over the last 30 days. On the other hand, the close-by 22602 zip code registered 60 homes sold in the same period, the most of all surrounding zip codes. The median sales price of all transactions in the 22637 zip code did not budge this week, remaining at $203,000. The 22637 zip code is a definite buyer's market, thanks to a big 33 months of inventory to choose from and a pullback in sales.
Comments:
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