$825K  
With three homes sold in the 22503 zip code market over the last 30 days, we see no change from last week's numbers. However, four new listings came into the market. Months of inventory were further reduced to 13, extending a downward trend to four weeks. Along with the slip in sales, the higher-than-normal inventory indicates that the 22503 zip code is a definite buyer's market.
Comments:

$799K  
The 22503 zip code market showed gains in this week's report, as the number of sales went up to two homes sold over the last 30 days. To put it in perspective, the close-by 23149 zip code registered six homes sold in the same period, the most of all surrounding zip codes. Despite the uptick in sales, there are still 18 months of inventory left to work through, meaning the 22503 zip code is still a solid buyer's market.
Comments:

$825K  
Typically, 22503 zip code accounts for 1.5 sales per month. This time sellers weren't able to find buyers for their properties, resulting in yet another 30 day period of no sales.
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22503 is an average-sized zip code in Virginia with 4,472 residents. Also, it has seen a 0.9% decrease in population over the last 10 years. The 22503 zip code market is almost exclusively made up of detached houses, which currently account for 100% of the homes for sale in the area. Topping the list of best schools in the zip code is Lancaster High School.
Comments:

$729K  
The 22503 zip code market reported another in a series of 30-day periods with zero home sales. The 22503 zip code usually averages 1.6 sales per month. All indications show that the trend may be coming to an end, meaning less pending transactions over the next few weeks.
Comments:

$729K  
Once again, no deals were completed in the 22503 zip code market over the last 30 days. The 22503 zip code is used to having 1.6 sales per month.
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$825K  
The 22503 zip code market seems to have gone completely and unexpectedly quiet as no sales were reported over the previous 30 days. The 22503 zip code usually averages 1.7 sales per month.
Comments:

$250K  
There has been one home sold in the 22503 zip code market over the last 30 days, continuing a four-week upturn. During the same period, there were seven new listings posted, the most since April. During the same time frame, 22473 had the most new listings of any other neighboring zip codes with seven. Pricing in the 22503 zip code remains consistent from last week to this week, with the median sales price at $147,500 again. The 22503 zip code is a solid buyer's market, due to a big 40 months of inventory left and aided by the flat sales.
Comments:

The 22503 zip code has a population that is much younger than most in Virginia with a median age of 51 years. Also, it's much less affluent than average with a median income of $34,023 per household. The 22503 zip code is an area where most people own their homes, with an ownership ratio of 57.9%. Heading the list of top schools in the zip code is Lancaster High School.
Comments:

$1.3M  
The 22503 zip code market is enjoying an extended upward trend, even as sales fell to one home 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. The median sales price rose to $147,500 over the latest reporting period for the 22503 zip code, up from $113,750. With decreasing sales and the availability of 41 months of inventory, the 22503 zip code is a strong buyer's market.
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