$140K  
Sales in the 22508 zip code market hit their lowest level since March. For the prior 30-day period, there were 33 homes sold, a decrease of 19.5%. The market has been in a downward trend for three weeks. During the same time frame, 22407 had the most of any other neighboring zip codes with 109 sales. While sales were soft, months of inventory hit seven, extending an upward trend to four weeks. The 22508 zip code is still a definite buyer's market, based on the large amount of inventory to choose from and the downturn in sales.
Comments:

$949K  
The 22508 zip code market saw sales remain flat this week with 40 homes sold over the last 30 days and new listings also remain flat at 58. Prices are falling in the 22508 zip code, and this period the median price of all sales fell from $252,500 to $242,450.
Comments:

$200K  
The number of home sales in the 22508 zip code market rose 5.6% to 38 homes over the last 30 days. Within the same time frame, the 22407 zip code had 115 sales, the most of all zip codes in the area. The median sales price rose to $252,500 over the latest reporting period for the 22508 zip code, up from $241,125.
Comments:

22508 is a larger than average zip code in Virginia that has seen a 72.0% increase in population over the last 10 years. It also has a total population of 12,759. With a median age of 17 years, homes in the 22508 zip code tend to be of moderate age. Heading the list of top schools in the zip code is Locust Grove Elementary School.
Comments:

$1.3M  
In this week's report, the number of homes sold in the 22508 zip code market slid to 35 over the past 30 days, a decrease of 23.9% from last week's report, but still above the monthly average. In comparison, the nearby 22407 zip code had 95 sales in the same time frame, the most of all neighboring zip codes. Prices were able to climb as this week's reported median sales price of $247,250 continued a four-week upswing.
Comments:

$695K  
Sales fell to 45 homes sold in the 22508 zip code market over the last 30 days. Furthermore, an emerging downturn in the number of pending transactions continued, with 52 completed in the same period. However, as contracts trended lower, months of inventory also continued to fall, trending downwards for eight weeks to four months.
Comments:

$1.2M  
The 22508 zip code market is enjoying an extended upward trend, even as sales fell 4.1% this week to 47 homes 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 in the 22508 zip code climbed to $234,900 while months of inventory was flat at four.
Comments:

$289K  
The 22508 zip code market looked busy in this week's report, as the number of home sales climbed 2.1%, pushing the total to 49 homes sold over the last 30 days. Within the same time frame, the 22407 zip code had 94 sales, the most of all zip codes in the area. Months of inventory in the 22508 zip code spiked to four but prices came down, as the median sales price dropped to $229,900.
Comments:

$938K  
Over the last 30 days, the sale of 42 homes took place in the 22508 zip code market. This shows a 16.7% spike from the prior period and the continuation of a budding upward trend. Prices are rising in the 22508 zip code, and the median sales price this period increased from $227,000 to $233,500. The rising sales and a low three months of inventory mean that the 22508 zip code is a seller's market.
Comments:

$695K  
The number of home sales in the 22508 zip code market climbed 6.1% to 35 homes over the last 30 days. In comparison, the nearby 22407 zip code had 90 sales in the same time frame, the most of all neighboring zip codes. Prices are falling in the 22508 zip code, and this period the median price of all sales fell from $244,900 to $229,000. Along with the increase in sales, the fact that there are a lower-than-normal three months of inventory indicates that the 22508 zip code is a seller's market.
Comments:
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