$179K  
There was one home sold in the 22727 zip code market over the last 30 days, while four contracts were executed. This marks the lowest amount since September, and could be a sign that the market is weakening. In comparison, 22701 led all other nearby zip codes with 45 contracts executed. Potential buyers should note that prices went up in the 22727 zip code, with the median for this period rising from $180,000 to $195,000. The 22727 zip code is a definite buyer's market, due to a downward trend in contracts numbers and 44 months of inventory remaining.
Comments:

$12M  
The 22727 zip code market has established an emerging upward trend, even as sales fell 20.0% this week to four homes over the last 30 days. All indications show that the trend may be coming to an end, meaning less sales over the next few weeks. Potential buyers should note that prices are coming down in the 22727 zip code, and for this period the median sales price slid from $182,500 to $180,000. Along with the slip in sales, a relatively high 12 months of inventory indicates that the 22727 zip code is a definite buyer's market.
Comments:

$1.5M  
With five homes sold in the 22727 zip code market over the last 30 days, we see no change from last week's numbers. However, fewer sellers came into the market in the same time frame, with seven new listings for buyers to choose from. The median sales price remained unchanged over the latest reporting period for the 22727 zip code, coming in at $182,500. Along with flat sales, a relatively high nine months of inventory indicates that the 22727 zip code is a solid buyer's market.
Comments:

$164K  
The number of homes coming into the 22727 zip code market shrank to eight listings over the last 30 days, while sales remained right where they were as once again five homes were sold over the same period. The median sales price remained unchanged over the latest reporting period for the 22727 zip code, coming in at $182,500. The 22727 zip code is a solid buyer's market, due to a big 10 months of inventory left and aided by the flat sales.
Comments:

$164K  
The 22727 zip code market showed strong improvement this week as sales spiked 150.0% to reach five homes sold over the last 30 days, breaking above the average sales volume for the prior 12 months. In comparison, the nearby 22701 zip code had 34 sales in the same time frame, the most of all neighboring zip codes. The median sales price dropped dramatically to $182,500, down from last week's $271,250. The 22727 zip code is still a strong buyer's market, due to the availability of 10 months of remaining inventory, even after the uptick in sales.
Comments:

$164K  
The 22727 zip code has a population that is younger than most in Virginia with a median age of 44 years. Also, it's somewhat affluent with a median income of $49,461 per household. The 22727 zip code is an area where most people own their homes, with an ownership ratio of 65.4%. Topping the list of best schools in the zip code is Madison County High School.
Comments:

$12M  
Sales in the 22727 zip code market inched up to two homes sold over the past 30 days, even though the number of sellers reducing their listing price is still in the midst of a downward trend with four price reductions in the same time frame. All indications show that the trend may be coming to an end, meaning more price reductions over the next few weeks. Prices are rising in the 22727 zip code, and the median sales price this period increased from $190,000 to $271,250. Even after the uptick in sales, an elevated 23 months of inventory tells us that the 22727 zip code is still a definite buyer's market.
Comments:

$1.5M  
The 22727 zip code market stayed soft with one home sold in the last 30 days, a 50.0% sales drop. Meanwhile, the 22701 zip code reported 44 home sales, the highest number from all the surrounding zip codes. The median sales price dropped to $190,000, down from last week's $235,900. The 22727 zip code is a solid buyer's market, thanks to a big 49 months of inventory to choose from and a pullback in sales.
Comments:

$1.5M  
In this week's report, the number of homes sold in the 22727 zip code market fell to two over the past 30 days, a decrease of 33.3% from last week's report. Meanwhile, the 22701 zip code reported 42 home sales, the highest number from all the surrounding zip codes. The median sales price dropped to $235,900, down from last week's $281,800. With decreasing sales and the availability of 26 months of inventory, the 22727 zip code is a strong buyer's market.
Comments:

$265K  
The 22727 zip code market saw sales remain steady this week at three homes sold over the last 30 days, while it undergoes an emerging downward trend in price reductions, with five in the same time frame. While the number of sellers reducing prices were soft, months of inventory hit 17, extending an upward trend to nearly three months. With decreasing sales and the availability of so much inventory, the 22727 zip code is a solid buyer's market.
Comments:
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RE/MAX New Horizons
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Roy Wheeler Realty Co.
Snapped 6 homes in this area

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