$559K  
A dip in the number of pending transactions in the 22625 zip code market over the last 30 days has resulted in the lowest levels for contracts in three months. However, while nine homes went under contract, there were 17 completed sales, extending a four-week upward trend. When comparing other close-by zip codes within the same period, the most came from the 22602 zip code with 69 contracts executed. Potential buyers should note that prices are coming down in the 22625 zip code, and for this period the median sales price slid from $230,000 to $212,400.
Comments:

$999K  
Over the past 30 days, there have been fewer price cuts in the 22625 zip code market, continuing a three-week declining trend to land at 14. Home sales were also down to 15 over the same period. All indications show that the trend may be coming to an end, meaning more price reductions over the next few weeks. As the number of sellers reducing price trended lower, months of inventory still continued to fall, trending downwards for four weeks to reach six months.
Comments:

The 22625 zip code has a population that is older than most in Virginia with a median age of 40 years. Also, it's affluent with a median income of $68,357 per household. Keep in mind, most people in the 22625 zip code own their homes, with a 73.8% ownership ratio.
Comments:

$179K  
The number of home sales in the 22625 zip code market rose 6.7% to 16 homes over the last 30 days. To put it in perspective, the close-by 22602 zip code registered 48 homes sold in the same period, the most of all surrounding zip codes. The median sales price dropped to $222,500 over the latest reporting period for the 22625 zip code, down from $226,000.
Comments:

$129K  
With a confirmed upward trend of new sellers listing homes, including 17 over the last 30 days, and sales that have jumped to 15 in that same time frame, the 22625 zip code market will be more intense. All indications show that the trend may be coming to an end, meaning less new listings over the next few weeks. As more new listings came into the market, prices have been falling. The median sales price dropped to $226,000, extending a four-week long spiral.
Comments:

$259K  
The 22625 zip code market broke below its 12-month average sales volume this week as sales dropped 20.0% to hit eight homes sold over the last 30 days. Meanwhile, the 22602 zip code reported 48 home sales, the highest number from all the surrounding zip codes. Potential buyers should note that prices went up in the 22625 zip code, with the median for this period rising from $184,000 to $200,000. The 22625 zip code is a strong buyer's market, thanks to a big nine months of inventory to choose from and a pullback in sales.
Comments:

$999K  
Over the last 30 days, the number of homes sold in the 22625 zip code shot up to 10. While the sales increased, the amount of pending transactions also trended upward, reaching a total of 22 during the same period. Potential buyers should note that prices are coming down in the 22625 zip code, and for this period the median sales price slid from $185,000 to $184,000. The 22625 zip code is a still definite buyer's market, in spite of the rising contracts numbers, due to the availability of seven months of remaining inventory.
Comments:

$999K  
Over the last 30 days, the 22625 zip code market got good news with seven homes sold. It marks a 16.7% increase from last week's report, while also closing in on the average sales volume for the prior 12 months. In comparison, the nearby 22602 zip code had 52 sales in the same time frame, the most of all neighboring zip codes. Months of inventory is on a four-week upswing, this week hitting 10 months. Even after uptick in sales, such a large amount of remaining inventory tells us that the 22625 zip code is still a solid buyer's market.
Comments:

22625 is a zip code that is growing faster than others in Virginia at a 10-year growth rate of 35.3%. It also has an average-sized population of 3,594 people. The 22625 zip code is made up of homes that are considered of moderate age with a median of 20 years.
Comments:

$129K  
With six homes sold in the 22625 zip code market over the last 30 days, we see no change from last week's numbers. However, 19 new listings came into the market. The price of homes sold went down with the average selling price hitting a three-month low at $178,950. The 22625 zip code is a definite buyer's market, due to falling prices and a large 11 months of inventory left.
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Re/Max Roots
Snapped 2 homes in this area
Keller Williams Realty
Snapped 6 homes in this area
Berkshire Hathaway HomeServices PenFed Realty
Snapped 1 home in this area

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