$999K  
Fewer sellers put their homes up for sale in the 22718 zip code market over the last 30 days and the number of new listings shrank this week to zero. Home sales remained unchanged from the prior period and once again two homes were sold. The median sales price of all transactions in the 22718 zip code did not budge this week, remaining at $337,500. Despite the flat sales, a relatively low two months of inventory remaining indicates that the 22718 zip code is a definite seller's market.
Comments:

$999K  
Sales stayed firm at two homes sold over the last 30 days in the 22718 zip code market. Sellers can expect less competition, however, due to a three-week downward trend in homes coming into the market, now down to one for the same period. All indications show that the trend may be coming to an end, meaning more new listings over the next few weeks. Pricing in the 22718 zip code remains consistent from last week to this week, with the median sales price at $337,500 again. There are only two months of inventory available in the 22718 zip code, so it's a strong seller's market, even if sales are flat.
Comments:

$999K  
The 22718 zip code market saw sales remain consistent with two homes sold over the last 30 days and is also under a new downward trend in the number of contracts closing, with this week's number falling to one. All indications show that the trend may be coming to an end, meaning more pending transactions over the next few weeks. Pricing in the 22718 zip code remains consistent from last week to this week, with the median sales price at $337,500 again. In spite of contracts trending lower, there are only two months of inventory available, which signals that the 22718 zip code is a still solid seller's market.
Comments:

$999K  
October was the last time there were so many price reductions in the 22718 zip code market, with two reported over the last 30 days. The market also had zero homes change hands. During the same time frame, 22407 had the most price reductions of any other neighboring zip codes with 79.
Comments:

22718 is a somewhat affluent zip code in Virginia with a median income of $53,516 per household. The population is also considered much older than most with a median age of 39 years. The 22718 zip code is an area where most people own their homes, with an ownership ratio of 66.0%.
Comments:

$235K  
The number of price cuts in the 22718 zip code market climbed to one over the last 30 days, furthering a confirmed positive trend. Even with the drops in list prices, sales remained the same with one home sold. The median sales price in the 22718 zip code stayed put this week at $170,000. In spite of flat sales, a low three months of inventory signals that the 22718 zip code is a seller's market.
Comments:

$255K  
Fewer sellers put their homes up for sale in the 22718 zip code market over the last 30 days and the number of new listings shrank this week to one. 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 22718 zip code, coming in at $170,000. There are only three months of inventory available in the 22718 zip code, so it's a seller's market, even if sales are flat.
Comments:

$260K  
The 22718 zip code market saw sales remain flat this week with one home sold over the last 30 days and new listings also remain flat at two. Pricing in the 22718 zip code remains consistent from last week to this week, with the median sales price at $170,000 again. In spite of flat sales, a low two months of inventory signals that the 22718 zip code is a definite seller's market.
Comments:

The 22718 zip code market showed strong improvement this week as sales reached one home sold over the last 30 days, edging past the average sales volume for the prior 12 months. Within the same time frame, the 22407 zip code had 59 sales, the most of all zip codes in the area. Along with the increase in sales, the fact that there are a lower-than-normal two months of inventory indicates that the 22718 zip code is a strong seller's market.
Comments:

$169K  
Sellers in the 22718 zip code weren't able to find buyers for their properties, resulting in a 30 day period of no sales. The 22718 zip code usually averages 0.9 sales per month.
Comments:
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