$849K  
The 22716 zip code market saw sales remain flat this week with one home sold over the last 30 days, while new listings rose to two. Pricing in the 22716 zip code remains consistent from last week to this week, with the median sales price at $190,875 again. With no movement in sales and the availability of 17 months of inventory, the 22716 zip code is a definite buyer's market.
Comments:

$149K  
Sales numbers in the 22716 zip code market remain the same with one home sold over the last 30 days and the market still shows a persistent trend downward overall. A months of inventory number of 14 reported this week continued a four-week upward trend, to go along with the weak sales in the area. The downward trend in sales numbers and the high inventory indicate that the 22716 zip code is still a strong buyer's market.
Comments:

$595K  
The 22716 zip code market saw sales remain steady this week at one home sold over the last 30 days, but this could change due to an identifiable upward trend in price reductions, with three reported in the same time frame. All indications show that the trend may be coming to an end, meaning less price reductions over the next few weeks. Potential buyers should note that prices are coming down in the 22716 zip code, and for this period the median sales price slid from $580,000 to $190,875. The 22716 zip code is a solid buyer's market, due to a big 14 months of inventory left and aided by the flat sales.
Comments:

$395K  
With 700 residents, 22716 is a small zip code in Virginia. Also, with 34.8 people per square mile, it has a lower than average density in comparison to other parts of the state. The 22716 zip code is an area where most people own their homes, with an ownership ratio of 64.0%.
Comments:

$395K  
Over the last 30 days, an established downward trend of new sellers coming into the 22716 zip code market continued, with one listing in this week's report. Meanwhile, sales remained flat, with one home selling during the same period. The median sales price of all transactions in the 22716 zip code did not budge this week, remaining at $580,000. The 22716 zip code is a strong buyer's market, due to a big 15 months of inventory left and aided by the flat sales.
Comments:

$190K  
Sales numbers in the 22716 zip code market remain the same with one home sold over the last 30 days and the market still shows a confirmed trend downward overall. Pricing in the 22716 zip code remains consistent from last week to this week, with the median sales price at $580,000 again. The 22716 zip code is a definite buyer's market, due to a downward trend in sales numbers and 16 months of inventory remaining.
Comments:

$159K  
With one home sold in the 22716 zip code market over the last 30 days, we see no change from last week's numbers. However, one new listing came into the market. The median sales price of all transactions in the 22716 zip code did not budge this week, remaining at $580,000. The 22716 zip code is a solid buyer's market, due to a big 17 months of inventory left and aided by the flat sales.
Comments:

$169K  
Over the last 30 days, a recent downward trend of new sellers coming into the 22716 zip code market continued, with zero listings in this week's report. Meanwhile, sales rose, with one home selling during the same period. Even after the uptick in sales, an elevated 16 months of inventory tells us that the 22716 zip code is still a strong buyer's market.
Comments:

$1.5M  
The 22716 zip code market was quiet this week and reported zero home sales over the last 30 days. The 22716 zip code usually averages 0.6 sales per month.
Comments:

$395K  
Sales fell this week to one home sold in the 22716 zip code market over the last 30 days. However, a three-week positive trend for contracts was extended, with two pending transactions in the same time frame. All indications show that the trend may be coming to an end, meaning less pending transactions over the next few weeks. Prices are falling in the 22716 zip code, and this period the median price of all sales fell from $328,750 to $257,500. With decreasing sales and the availability of 18 months of inventory, the 22716 zip code is a strong buyer's market.
Comments:
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