22307 Zip Code Real Estate Market Continues Weakening in Contracts

Over the last 30 days, the 22307 zip code market had a decrease in home sales with 16. Furthermore, the amount of pending transactions continued to decline, with a total of 11 contracts during the same period. The median sales price dropped to $427,500 over the latest reporting period for the 22307 zip code, down from $430,000. In spite of contracts trending lower, there are only three months of inventory available, which signals that the 22307 zip code is a still seller's market.

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$300K   $259K   $974K  

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Demographic facts for the 22307 zip code:

  • 22.1% of the people in this area are renters.
  • The 10-year growth projection for this area is 40.2%.
  • The student per librarian ratio in this area is 494:1. (803:1 = national average)

Data reported through 1/11/2017

Comments:

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Keller Williams Realty
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Pearson Smith Realty, LLC
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