$1.3M  
The 22640 zip code market slowed with a 50.0% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (0.7) with one home sold. On the other hand, the close-by 22630 zip code registered 47 homes sold in the same period, the most of all surrounding zip codes. Potential buyers should note that prices are coming down in the 22640 zip code, and for this period the median sales price slid from $320,000 to $280,000. With decreasing sales and the availability of 18 months of inventory, the 22640 zip code is a solid buyer's market.
Comments:

22640 is a zip code that is growing faster than others in Virginia at a 10-year growth rate of 19.8%. It also has a small population of 526 people. With a median age of 36 years, homes in the 22640 zip code tend to be relatively old.
Comments:

$1M  
With one home sold in the 22640 zip code market over the last 30 days, we see no change from last week's numbers. In addition, there was no shift in the amount of sellers who came into the market in the same time frame, with four new listings for buyers to choose from. The median sales price in the 22640 zip code stayed put this week at $360,000. The 22640 zip code is a solid buyer's market, due to a big 18 months of inventory left and aided by the flat sales.
Comments:

$399K  
More sellers put their homes up for sale in the 22640 zip code market over the last 30 days and the number of new listings jumped this week to four. Home sales remained unchanged from the prior period and once again one home was sold. The median sales price remained unchanged over the latest reporting period for the 22640 zip code, coming in at $360,000. The 22640 zip code is a definite buyer's market, due to a big 18 months of inventory left and aided by the flat sales.
Comments:

$399K  
The 22640 zip code market got good news in this week's report, as the number of sales went up to one home sold over the last 30 days. Within the same time frame, the 22630 zip code had 40 sales, the most of all zip codes in the area. Even after the uptick in sales, an elevated 16 months of inventory tells us that the 22640 zip code is still a strong buyer's market.
Comments:

$699K  
The 22640 zip code market was quiet this week and reported zero home sales over the last 30 days. The 22640 zip code usually averages 0.6 sales per month. All indications show that the trend may be coming to an end, meaning more new listings over the next few weeks.
Comments:

$329K  
The 22640 zip code has a much younger population than other areas in Virginia with a median age of 46 years. It is also affluent with a median income of $63,818 per household. The 22640 zip code market almost exclusively consists of detached houses, accounting for 100% of the current homes in the area.
Comments:

$329K  
With one home sold in the 22640 zip code market over the last 30 days, we see no change from last week's numbers. In addition, there was no shift in the amount of sellers who came into the market in the same time frame, with zero new listings for buyers to choose from. The median sales price remained unchanged over the latest reporting period for the 22640 zip code, coming in at $389,900. The 22640 zip code is a strong buyer's market, due to a big 13 months of inventory left and aided by the flat sales.
Comments:

$1.3M  
With one home sold in the 22640 zip code market over the last 30 days, we see no change from last week's numbers. However, fewer sellers came into the market in the same time frame, with zero new listings for buyers to choose from. The median sales price remained unchanged over the latest reporting period for the 22640 zip code, coming in at $389,900. Along with flat sales, a relatively high 13 months of inventory indicates that the 22640 zip code is a definite buyer's market.
Comments:

$1.7M  
Sales remained steady from last week to this week, with one home sold in the 22640 zip code market over the last 30 days. However, an identifiable downturn in the number of pending transactions continued, with zero completed in the same period. The median sales price remained unchanged over the latest reporting period for the 22640 zip code, coming in at $389,900. The 22640 zip code is a definite buyer's market with 14 months of inventory to choose from, aided by the downturn in contracts.
Comments:
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