$275K  
The 22714 zip code market saw two homes go under contract, and failed to break out of an emerging downward trend. The market had total home sales of one over the last 30 days, maintaining last week's pace. All indications show that the trend may be coming to an end, meaning more pending transactions over the next few weeks. Prices are rising in the 22714 zip code, and the median sales price this period increased from $372,000 to $389,000. The 22714 zip code is a solid buyer's market, due to a downward trend in contracts numbers and nine months of inventory remaining.
Comments:

$275K  
The 22714 zip code market broke below its 12-month average sales volume this week as sales slid 50.0% to hit one home sold over the last 30 days. In comparison, the nearby 22508 zip code had 52 sales in the same time frame, the most of all neighboring zip codes. Prices are rising in the 22714 zip code, and the median sales price this period increased from $291,000 to $372,000. With decreasing sales and the availability of nine months of inventory, the 22714 zip code is a strong buyer's market.
Comments:

22714 is a smaller-than-average zip code in Virginia with 924 residents. Also, it has seen a 15.6% increase in population over the last 10 years. Detached homes account for 100% of the area's current housing market.
Comments:

$2.1M  
Sales dropped to two homes sold over the last 30 days in the 22714 zip code market. Sellers can expect less competition, however, due to a six-week downward trend in homes coming into the market, now down to four for the same period. The median sales price rose to $291,000 over the latest reporting period for the 22714 zip code, up from $239,000.
Comments:

$2.1M  
The 22714 zip code market pulled back with a 25.0% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (1.8) with three homes sold. In comparison, the nearby 22701 zip code had 52 sales in the same time frame, the most of all neighboring zip codes. Potential buyers should note that prices went up in the 22714 zip code, with the median for this period rising from $224,500 to $239,000. Despite the slip in sales, a relatively low three months of inventory indicates that the 22714 zip code is a seller's market.
Comments:

$205K  
This week in the 22714 zip code market, sales rose to three homes sold over the last 30 days, which might be due in part to an identifiable upward trend in price reductions, with three being reported in the same time frame. All indications show that the trend may be coming to an end, meaning less price reductions over the next few weeks. Potential buyers should note that prices went up in the 22714 zip code, with the median for this period rising from $224,500 to $239,000. Along with the increase in sales, the fact that there are a lower-than-normal three months of inventory indicates that the 22714 zip code is a seller's market.
Comments:

$399K  
Over the last 30 days, a recent downward trend of new sellers coming into the 22714 zip code market continued, with one listing in this week's report. Meanwhile, sales rose, with two homes selling during the same period. The median sales price dropped to $224,500, potentially helping to reduce the four months of inventory left to be sold.
Comments:

$269K  
The number of homes coming into the 22714 zip code market stayed firm with zero listings over the last 30 days, while sales remained right where they were as once again one home was sold over the same period. Potential buyers should note that prices are coming down in the 22714 zip code, and for this period the median sales price slid from $339,500 to $239,000. The 22714 zip code is a strong buyer's market, thanks to a big seven months of inventory to choose from and the flat sales.
Comments:

22714 is a zip code in Virginia, and is affluent with a median income of $58,509 per household. It's much older than the rest of the state, with a median age of 38. It should be noted that at 59.9%, most people own their homes in the 22714 zip code.
Comments:

$2.1M  
With one home sold in the 22714 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 22714 zip code, coming in at $339,500. The 22714 zip code is a definite buyer's market, due to a big nine months of inventory left and aided by the flat sales.
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