$129K  
The 22485 zip code market showed no signs of halting a four-week downward contraction, with a record low 27 homes sold in the last 30 days. Sales showed a 6.9% drop from the prior period, returning to a low not seen since March. When comparing other close-by zip codes within the same period, the most came from the 22554 zip code with 113 sales. The median sales price rose to $325,000, up from last week's $315,000. A downturn in sales, coupled with the availability of seven months of inventory, prove that the 22485 zip code is a definite buyer's market.
Comments:

The 22485 zip code is a zip code in Virginia with a median income of $69,540 per household. Besides being affluent, its population is much older than others with a median age of 37 years. The 22485 zip code market is almost exclusively made up of detached homes, currently accounting for 100% overall. The best schools in the zip code are King George Elementary School, King George Middle School, and King George High School.
Comments:

$129K  
Over the last 30 days, 28 homes were sold in the 22485 zip code market, down 9.7%. Additionally, the market is still in an identifiable downward trend overall. As sales trended lower, months of inventory rose, trending up for four weeks to seven months. The downward trend in sales numbers and the high inventory indicate that the 22485 zip code is still a solid buyer's market.
Comments:

$4.9M  
The number of price cuts in the 22485 zip code market climbed to 42 over the last 30 days, furthering a prolonged positive trend. Perhaps due to the decreases in list prices, sales increased to 31 homes sold. The median sales price rose to $310,000 over the latest reporting period for the 22485 zip code, up from $282,000.
Comments:

$214K  
Home sales in the 22485 zip code market dipped below its average sales volume for the prior 12-month period. In this week's report, they dropped 3.4% to 28 homes sold over the last 30 days. On the other hand, the close-by 22554 zip code registered 70 homes sold in the same period, the most of all surrounding zip codes. Potential buyers should note that prices went up in the 22485 zip code, with the median for this period rising from $250,000 to $276,000.
Comments:

$5.4M  
In this week's report, the number of homes sold in the 22485 zip code market fell to 27 over the past 30 days. It marked a decrease of 12.9% from last week's report and a fall below the monthly average. Meanwhile, the 22554 zip code reported 86 home sales, the highest number from all the surrounding zip codes. The median sales price rose to $250,000 over the latest reporting period for the 22485 zip code, up from $227,500.
Comments:

$5.4M  
Sales fell this week to 31 homes sold in the 22485 zip code market over the last 30 days. However, a three-week positive trend for contracts was extended, with 40 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. Potential buyers should note that prices are coming down in the 22485 zip code, and for this period the median sales price slid from $244,950 to $227,500.
Comments:

22485 is a zip code that is growing faster than others in Virginia at a 10-year growth rate of 44.8%. It also has a larger than average population of 22,985 people. The 22485 zip code is made up of homes that are of moderate age with a median of 19 years. The top schools in the zip code are King George Elementary School, King George Middle School, and King George High School.
Comments:

$1.5M  
While home sales in the 22485 zip code market have been above average, in this week's report they dropped 11.1% to 32 homes sold over the last 30 days. Within the same time frame, the 22554 zip code had 97 sales, the most of all zip codes in the area. The median sales price dropped to $244,950 over the latest reporting period for the 22485 zip code, down from $283,450.
Comments:

$6M  
The 22485 zip code market is enjoying an extended upward trend, reiterated again this week as sales rose 5.9% to 36 homes over the last 30 days. The median sales price climbed to $354,450, up from last week's $335,812. With only three months of inventory and rising sales, the 22485 zip code is a seller's market.
Comments:
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