$340K  
With an established downward trend in sellers reducing price, including two markdowns over the last 30 days, sales in the 22844 zip code market remained the same with three over the same stretch of time. The median sales price in the 22844 zip code stayed put this week at $103,000. Along with flat sales, a relatively high 11 months of inventory indicates that the 22844 zip code is a solid buyer's market.
Comments:

$299K  
The 22844 zip code market saw sales remain flat this week with three homes sold over the last 30 days but new listings fell to six. The median sales price remained unchanged over the latest reporting period for the 22844 zip code, coming in at $103,000. The 22844 zip code is a strong buyer's market, due to a big 11 months of inventory left and aided by the flat sales.
Comments:

$159K  
22844 is an average-sized zip code in Virginia with 4,423 residents. Its population is also growing faster than others at a 10-year growth rate of 14.4%. Detached homes account for 94% of the area's current housing market.
Comments:

$340K  
The 22844 zip code market saw sales remain flat this week with three homes sold over the last 30 days, while new listings spiked to seven. The median sales price remained unchanged over the latest reporting period for the 22844 zip code, coming in at $103,000. With no movement in sales and the availability of 11 months of inventory, the 22844 zip code is a strong buyer's market.
Comments:

$299K  
Despite a confirmed downward trend in sellers reducing price, including six markdowns over the last 30 days, sales in the 22844 zip code market rose to three over the same stretch of time. The median sales price dropped dramatically to $103,000 over the latest reporting period for the 22844 zip code, down from $259,000. Even after the uptick in sales, an elevated 10 months of inventory tells us that the 22844 zip code is still a strong buyer's market.
Comments:

$159K  
In this week's report, the number of homes sold in the 22844 zip code market dropped to one over the past 30 days, a decrease of 50.0% from last week's report. On the other hand, the close-by 22835 zip code registered 11 homes sold in the same period, the most of all surrounding zip codes. Potential buyers should note that prices went up in the 22844 zip code, with the median for this period rising from $224,500 to $259,000. With decreasing sales and the availability of 32 months of inventory, the 22844 zip code is a definite buyer's market.
Comments:

$2M  
Sales fell in the 22844 zip code market to two homes sold over the last 30 days. It's also under an identifiable downward trend in the number of contracts closing, with this week's number falling to one. While contracts numbers dropped, prices were able to climb. This week's reported median sales price of $224,500 continued a four-week upswing. Even with prices on the rise, the downturn in contracts and the availability of 15 months of inventory prove that the 22844 zip code is still a strong buyer's market.
Comments:

$159K  
The population of the 22844 zip code is somewhat affluent compared to others in Virginia with a median income of $49,919 per household. It's also considered an expensive zip code in terms of affordability with a cost of living adjustment score of 109.1. With a median age of 31 years, homes in the 22844 zip code tend to be relatively old.
Comments:

$174K  
The 22844 zip code market remained cold this week as sales dropped 25.0% to land at three homes sold over the last 30 days. On the other hand, the close-by 22842 zip code registered nine homes sold in the same period, the most of all surrounding zip codes. Prices are rising in the 22844 zip code, and the median sales price this period increased from $224,500 to $259,000. The 22844 zip code is a solid buyer's market, thanks to a big 11 months of inventory to choose from and a pullback in sales.
Comments:

$299K  
The 22844 zip code market closed in on its 12-month sales average this week with four homes sold over the last 30 days. Within the same time frame, the 22842 zip code had 10 sales, the most of all zip codes in the area. The median sales price climbed to $224,500 over the latest reporting period for the 22844 zip code, up from $190,000. The 22844 zip code is still a definite buyer's market, in spite of the uptick in sales, thanks to the availability of eight months of remaining inventory.
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Coldwell Banker Premier Properties
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ERA Oakcrest Realty, Inc.
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