$999K  
November was the last time there were so many price reductions in the 22625 zip code market, with five reported over the last 30 days. The market also had three homes change hands. In comparison, 25427 led all other nearby zip codes with 37 price reductions. While the lowering of list prices hit a top, the amount of available homes increased to nine months worth, a six-month high. Along with the slip in sales, the higher-than-normal inventory indicates that the 22625 zip code is a definite buyer's market.
Comments:

$337K  
Sales have risen to six homes sold over the last 30 days in the 22625 zip code market. But sellers can expect more competition, due to a three-week upward trend in homes coming into the market, now up to seven for the same period. The median sales price dropped to $291,450, potentially helping to reduce the four months of inventory left to be sold.
Comments:

$1.2M  
In this week's report, the number of homes sold in the 22625 zip code market slid to five over the past 30 days. It marked a decrease of 44.4% from last week's report and a fall below the monthly average. Meanwhile, the 22602 zip code reported 17 home sales, the highest number from all the surrounding zip codes. The median sales price remained unchanged over the latest reporting period for the 22625 zip code, coming in at $309,900.
Comments:

$1.2M  
Over the last 30 days, the 22625 zip code market had a lift in home sales with nine. But as sales edged up, the number of pending transactions continued to decline, with a total of five 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 22625 zip code, with the median for this period rising from $230,000 to $309,900. The rising sales and a low three months of inventory point to the 22625 zip code being a seller's market.
Comments:

$1.2M  
On top of a 14.3% spike in sales over the last 30 days, the 22625 zip code market extended a three-week hot streak with a total of eight homes sold in that span. Potential buyers should note that there are now four months of inventory available in the 22625 zip code and prices have come down. The median sales price dropped to $230,000.
Comments:

$192K  
22625 is an average-sized zip code in Virginia that has seen a 35.3% increase in population over the last 10 years. It also has a total population of 3,594. The 22625 zip code is made up of homes that are of moderate age with a median of 20 years.
Comments:

$1.2M  
On top of a budding downward trend in sellers reducing price, including two markdowns over the last 30 days, sales in the 22625 zip code market fell to seven over the same stretch of time. While the number of sellers reducing prices were soft, months of inventory were further reduced to four, extending a downward trend to four weeks.
Comments:

$1.2M  
There were six homes sold in the 22625 zip code market over the last 30 days, but three contracts were executed. This marks the lowest amount since July, and could be a sign that the market is nearing a bottom. In comparison, 22602 led all other nearby zip codes with 33 contracts executed. Potential buyers should take note that the median sales price in the 22625 zip code stayed flat at $252,250 and that there are four months of inventory still available.
Comments:

$1.2M  
Over the last 30 days, the 22625 zip code market showed gains with six homes sold. It marks a 20.0% increase from last week's report, while also topping the average sales volume for the prior 12 months. At the same time, the 22602 zip code reported 44 home sales, the highest number from all the surrounding zip codes. The median sales price dropped to $252,250, potentially helping to reduce the four months of inventory left to be sold.
Comments:

$1.2M  
Despite a confirmed downward trend in sellers reducing price, including four markdowns over the last 30 days, sales in the 22625 zip code market inched up to five over the same stretch of time. All indications show that the trend may be coming to an end, meaning more price reductions over the next few weeks. The median sales price rose to $259,500, up from last week's $255,100.
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Ask a local expert about this area:
Keller Williams Realty
Snapped 6 homes in this area
Berkshire Hathaway HomeServices PenFed Realty
Snapped 1 home in this area
Re/Max Roots
Snapped 2 homes in this area

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