$217K  
The number of homes coming into the 22660 zip code market stayed firm with one listing over the last 30 days, while sales remained right where they were as once again two homes were sold over the same period. The median sales price in the 22660 zip code stayed put this week at $209,250. Along with flat sales, a relatively high seven months of inventory indicates that the 22660 zip code is a definite buyer's market.
Comments:

$229K  
Sales in the 22660 zip code market rose to two homes sold over the last 30 days, while the number of sellers reducing their list prices reached five, which continues a solid upward trend in price reductions. The median sales price jumped to $209,250, up from last week's $109,500. Despite the uptick in sales, there are still eight months of inventory left to work through, meaning the 22660 zip code is still a strong buyer's market.
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$269K  
Sales have fallen to one home sold over the last 30 days in the 22660 zip code market. Sellers can also expect more competition, due to a three-week upward trend in homes coming into the market, now up to four for the same period. All indications show that the trend may be coming to an end, meaning less new listings over the next few weeks. The median sales price dropped to $109,500 over the latest reporting period for the 22660 zip code, down from $128,500. The 22660 zip code is a strong buyer's market, thanks to a big 16 months of inventory to choose from and a pullback in sales.
Comments:

$269K  
With two homes sold in the 22660 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 five new listings for buyers to choose from. Prices are falling in the 22660 zip code, and this period the median price of all sales fell from $161,200 to $128,500. The 22660 zip code is a solid buyer's market, due to a big eight months of inventory left and aided by the flat sales.
Comments:

22660 is a smaller-than-average zip code in Virginia with 1,648 residents. Its population is growing faster than the rest of the state, at a 10-year growth rate of 19.2%. The 22660 zip code market is almost exclusively made up of detached houses, which currently account for 100% of the homes for sale in the area.
Comments:

$219K  
The number of price cuts in the 22660 zip code market climbed to two over the last 30 days, furthering an identifiable positive trend. Even with the drops in list prices, sales remained the same with two homes sold. The median sales price of all transactions in the 22660 zip code did not budge this week, remaining at $161,200. The 22660 zip code is a definite buyer's market, thanks to a big eight months of inventory to choose from and the flat sales.
Comments:

$273K  
With two homes sold in the 22660 zip code market over the last 30 days, we see no change from last week's numbers. However, five new listings came into the market. The median sales price remained unchanged over the latest reporting period for the 22660 zip code, coming in at $161,200. With no movement in sales and the availability of eight months of inventory, the 22660 zip code is a solid buyer's market.
Comments:

$219K  
The 22660 zip code market showed healthy signs this week as sales climbed 100.0% to reach two homes sold over the last 30 days, breaking above the average sales volume for the prior 12 months. Within the same time frame, the 22630 zip code had 52 sales, the most of all zip codes in the area. Potential buyers should note that prices are coming down in the 22660 zip code, and for this period the median sales price slid from $174,900 to $161,200.
Comments:

$130K  
Typically, 22660 zip code accounts for 1.7 sales per month. This time sellers weren't able to find buyers for their properties, resulting in another 30 day period of no sales.
Comments:

22660 is a zip code in Virginia, and is affluent with a median income of $59,347 per household. It's younger than the rest of the state, with a median age of 44. The 22660 zip code is an area where most people own their homes, with an ownership ratio of 73.0%.
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Funkhouser Real Estate Group
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