$2M  
Home sales rose to 23 homes sold over the last 30 days, providing a lift to the 22485 zip code market. That may continue, due to a three-week upward trend for contracts, with 32 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. The median sales price in the 22485 zip code climbed to $250,000 while months of inventory was flat at four.
Comments:

$7M  
The number of sellers reducing prices in the 22485 zip code market trended up to 17 over the last 30 days, extending a three-week streak. During the same period, 21 sales were completed. All indications show that the trend may be coming to an end, meaning less price reductions over the next few weeks. The median sales price stayed flat at $245,000, and there are a fairly average four months of inventory left to be sold.
Comments:

$7M  
The 22485 zip code market showed signs of life in this week's report, as the number of home sales rose 20.0%, pushing the total to 18 homes sold over the last 30 days. Within the same time frame, the 22554 zip code had 52 sales, the most of all zip codes in the area. The median sales price dropped to $240,000, down from last week's $279,900.
Comments:

$279K  
The 22485 zip code market improved this week with 15 homes sold over the last 30 days. Within the same time frame, the 22554 zip code had 44 sales, the most of all zip codes in the area. Prices are rising in the 22485 zip code, and the median sales price this period increased from $279,450 to $279,900.
Comments:

$675K  
The 22485 zip code is much older than the rest of Virginia, with a median age of 37. It's affluent as well, with a median income of $69,540 per household. The 22485 zip code market is almost exclusively made up of detached homes, currently accounting for 99% overall. The best schools in the zip code are King George Elementary School, King George Middle School, and King George High School.
Comments:

$159K  
The 22485 zip code market improved this week with 13 homes sold over the last 30 days. To put it in perspective, the close-by 22554 zip code registered 51 homes sold in the same period, the most of all surrounding zip codes. The median sales price dropped to $279,000 over the latest reporting period for the 22485 zip code, down from $279,450. The 22485 zip code is still a strong buyer's market, due to the availability of seven months of remaining inventory, even after the uptick in sales.
Comments:

$135K  
The 22485 zip code market stayed soft this week as sales slid 36.8% to land at 12 homes sold over the last 30 days. On the other hand, the close-by 22554 zip code registered 59 homes sold in the same period, the most of all surrounding zip codes. Months of inventory rose to eight this period, its highest point since April. Along with the falling prices, the relatively large eight months of inventory means that the 22485 zip code is a definite buyer's market.
Comments:

$429K  
Over the last 30 days, the 22485 zip code market had a decrease in home sales with 19. Furthermore, the amount of pending transactions continued to decline, with a total of 31 contracts during 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 went up in the 22485 zip code, with the median for this period rising from $245,000 to $279,000.
Comments:

$135K  
Hitting a record low dating back to October, 20 homes were sold in the 22485 zip code market over the last 30 days. This represents a 13.0% decrease and comes on top of a three-week steady downturn in sales activity. When comparing other close-by zip codes within the same period, the most came from the 22554 zip code with 64 sales. The median sales price dropped to $244,950 over the latest reporting period for the 22485 zip code, down from $278,000.
Comments:

$135K  
There were 23 home sales in the 22485 zip code market over the last 30 days, while coming close to the 25.8 monthly average for the last 12 months. In comparison, the nearby 22554 zip code had 78 sales in the same time frame, the most of all neighboring zip codes. Prices are coming down in the 22485 zip code, as the median sales price dropped to $278,000, while months of inventory also fell to four.
Comments:
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