$999K  
The 22625 zip code market showed healthy signs this week as sales climbed 16.7% to reach seven homes sold over the last 30 days, breaking above the average sales volume for the prior 12 months. Within the same time frame, the 22602 zip code had 40 sales, the most of all zip codes in the area. The median sales price dropped to $288,900 over the latest reporting period for the 22625 zip code, down from $297,450. The 22625 zip code is still a definite buyer's market, due to the availability of seven months of remaining inventory, even after the uptick in sales.
Comments:

$999K  
This week in the 22625 zip code market, sales fell to six homes sold over the last 30 days, even as it endures a confirmed upward trend in price reductions, with 15 reported in the same time frame. The median sales price rose to $297,450, up from last week's $288,900. Along with the slip in sales, a relatively high nine months of inventory indicates that the 22625 zip code is a definite buyer's market.
Comments:

$999K  
There were eight homes sold in the 22625 zip code market over the last 30 days, continuing a four-week upturn. During the same period, the total number of price reductions was 10, the most since October. In comparison, the 22602 zip code had 37 price reductions in the same time frame, the most of all nearby zip codes. Prices are rising in the 22625 zip code, and the median sales price this period increased from $227,900 to $228,900.
Comments:

$999K  
Over the last 30 days, the sale of seven homes took place in the 22625 zip code market. This shows a 12.5% reduction from the prior period but the area remains on an emerging upward trend. While sales were solid, months of inventory were further reduced to five, extending a downward trend to four weeks.
Comments:

$999K  
Over the last 30 days, the 22625 zip code market was solid with eight homes sold, a 33.3% increase from last week's report. In comparison, the nearby 22602 zip code had 38 sales in the same time frame, the most of all neighboring zip codes. The median sales price climbed to $221,450, and there are a fairly average four months of inventory left to be sold.
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$229K  
Over the last 30 days, the 22625 zip code market showed strong improvement with six homes sold. It marks a 50.0% increase from last week's report, while also topping the average sales volume for the prior 12 months. In comparison, the nearby 22602 zip code had 28 sales in the same time frame, the most of all neighboring zip codes. The median sales price in the 22625 zip code stayed put this week at $206,250.
Comments:

$185K  
The population of the 22625 zip code is growing faster than the rest of Virginia, at a 10-year growth rate of 35.3%. It's an average-sized zip code compared to the rest of the state, with 3,594 residents. The 22625 zip code is made up of homes that are of moderate age with a median of 20 years.
Comments:

$139K  
Over the last 30 days, sales in the 22625 zip code market remained at their current pace of four homes. However, the amount of pending transactions continued to improve, reaching a total of nine during the same period. The current pending transactions trend should be moving forward over the next few weeks, continuing to provide a rise in numbers. As contracts trended higher, prices have been falling. The median sales price dropped to $206,250, extending a four-week long spiral. The 22625 zip code is a solid buyer's market, due to falling prices and a large eight months of inventory left.
Comments:

$224K  
Over the last 30 days, a pronounced upward trend of new sellers coming into the 22625 zip code market continued, with 17 listings in this week's report. Meanwhile, sales remained flat, with three homes selling during the same period. Prices are falling in the 22625 zip code, and this period the median price of all sales fell from $207,500 to $205,000. Along with flat sales, a relatively high 10 months of inventory indicates that the 22625 zip code is a definite buyer's market.
Comments:

$149K  
Over the last 30 days, three homes were sold in the 22625 zip code market, up 200.0%. However, the market is still in a new downward trend overall. All indications show that the trend may be coming to an end, meaning more sales over the next few weeks. The median sales price dropped to $207,500 over the latest reporting period for the 22625 zip code, down from $260,000. The 22625 zip code is still a definite buyer's market, due to the availability of eight months of remaining inventory, even after the uptick in sales.
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Re/Max Roots
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Berkshire Hathaway HomeServices PenFed Realty
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