$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:

$649K  
The 22508 zip code market got a lift this week as sales rose to 33 homes sold over the last 30 days to go with a long upward trend of contracts closing, now up to 58. All indications show that the trend may be coming to an end, meaning less pending transactions over the next few weeks. As contracts trended higher, months of inventory continued to fall, trending downwards for four weeks to reach three months. With such a small volume of inventory available and contracts going up, the 22508 zip code is a seller's market.
Comments:

$900K  
Despite a 3.3% decline in sales over the last 30 days, the 22508 zip code market extended a three-week hot streak with a total of 29 homes sold in that span. There are four months of inventory remaining in the market, and that will likely remain the case as the median sales price rose to $244,900 this week.
Comments:

$289K  
Over the last 30 days, the 22508 zip code market looked solid with 30 homes sold. It marks an 11.1% increase from last week's report, while also closing in on the average sales volume for the prior 12 months. To put it in perspective, the close-by 22407 zip code registered 59 homes sold in the same period, the most of all surrounding zip codes. Potential buyers should note that there are now four months of inventory available in the 22508 zip code and prices have come down. The median sales price dropped to $243,950.
Comments:

$275K  
The population of the 22508 zip code is growing faster than the rest of Virginia, at a 10-year growth rate of 72.0%. It's a larger than average zip code compared to the rest of the state, with 12,759 residents. Homes in the 22508 zip code are of moderate age with a median age of 17 years. Topping the list of best schools in the zip code is Locust Grove Elementary School.
Comments:

$649K  
Over the last 30 days, sales in the 22508 zip code market remained at their current pace of 26 homes. However, the amount of pending transactions continued to improve, reaching a total of 55 during the same period. There are four months of inventory remaining in the market, and that will likely remain the case as the median sales price climbed to $245,000 this week.
Comments:

$299K  
The 22508 zip code market will be more intense, as not only have sales risen this week to 26 homes sold over the last 30 days, but there is a long upward trend of new listings, with 49 going live in the same time frame. The current new listings trend should be moving forward over the next few weeks, continuing to provide a rise in numbers. Potential buyers should note that prices went up in the 22508 zip code, with the median for this period rising from $213,000 to $215,000.
Comments:

$104K  
Over the last 30 days, the 22508 zip code market showed strong improvement with 24 homes sold. It marks a 20.0% increase from last week's report, while also closing in on the average sales volume for the prior 12 months. At the same time, the 22407 zip code reported 58 home sales, the highest number from all the surrounding zip codes. The price of homes sold went down with the average selling price hitting a three-month low at $211,000.
Comments:

$649K  
Sales fell this week to 19 homes sold in the 22508 zip code market over the last 30 days. However, a three-week positive trend for contracts was extended, with 46 pending transactions in the same time frame. Pricing in the 22508 zip code remains consistent from last week to this week, with the median sales price at $236,500 again.
Comments:

$238K  
A bump in the number of contracts in the 22508 zip code market over the last 30 days resulted in the highest amount since November. 40 homes went under contract to go along with 19 completed sales, which also extends a four-week downward sales trend. During the same time frame, 22407 had the most contracts executed of any other neighboring zip codes with 95. While contracts suggested otherwise, months of inventory is on a four-week upswing, this week hitting five months.
Comments:
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