$899K  
In this week's report, the number of homes sold in the 22727 zip code market sank to two over the past 30 days, a decrease of 60.0% from last week's report. In comparison, the nearby 22701 zip code had 38 sales in the same time frame, the most of all neighboring zip codes. Prices are falling in the 22727 zip code, and this period the median price of all sales fell from $163,500 to $161,500. With decreasing sales and the availability of 21 months of inventory, the 22727 zip code is a definite buyer's market.
Comments:

$109K  
The number of homes coming into the 22727 zip code market fell to six listings over the last 30 days, while sales remained right where they were as once again five homes were sold over the same period. The median sales price in the 22727 zip code stayed put this week at $163,500. The 22727 zip code is a solid buyer's market, thanks to a big nine months of inventory to choose from and the flat sales.
Comments:

$114K  
This week in the 22727 zip code market, sales fell to five homes sold over the last 30 days, even as it endures a new upward trend in price reductions, with six reported in the same time frame. As the lowering of listing prices trended higher, sale prices themselves have been falling. The median sales price dropped to $163,500, extending a four-week long spiral. With prices falling, the availability of nine months of inventory means that the 22727 zip code is a strong buyer's market.
Comments:

$114K  
While home sales in the 22727 zip code market have been above average, in this week's report they fell 14.3% to six homes sold over the last 30 days. Within the same time frame, the 22701 zip code had 20 sales, the most of all zip codes in the area. The price of homes sold went down with the average selling price hitting a three-month low at $181,250. The 22727 zip code is a strong buyer's market, with a big eight months of inventory to choose from coupled with falling prices.
Comments:

$4.2M  
The 22727 zip code market got good news in this week's report, as the number of home sales rocketed 75.0%, pushing the total to seven homes sold over the last 30 days. At the same time, the 22701 zip code reported 20 home sales, the highest number from all the surrounding zip codes. The median sales price dropped to $200,000, down from last week's $209,000.
Comments:

$164K  
With 5,467 residents, 22727 is a larger than average zip code in Virginia. Also, with a 10.9% increase over the last 10 years, its population is growing faster than other parts of the state. The 22727 zip code market almost exclusively consists of detached houses, accounting for 100% of the current homes in the area. Topping the list of best schools in the zip code is Madison County High School.
Comments:

$949K  
With four homes sold in the 22727 zip code market over the last 30 days, we see no change from last week's numbers. However, eight new listings came into the market. The median sales price in the 22727 zip code stayed put this week at $209,000. With no movement in sales and the availability of 11 months of inventory, the 22727 zip code is a strong buyer's market.
Comments:

$2M  
Over the last 30 days, the number of homes sold in the 22727 zip code inched up to four. While the sales increased, the amount of pending transactions also trended upward, reaching a total of five during the same period. All indications show that the trend may be coming to an end, meaning less pending transactions over the next few weeks. The median sales price dropped to $209,000 over the latest reporting period for the 22727 zip code, down from $213,500. Even with the rising contracts, with 10 months of inventory available, the 22727 zip code is a still definite buyer's market.
Comments:

$129K  
The 22727 zip code market improved this week with two homes sold over the last 30 days. At the same time, the 22701 zip code reported 23 home sales, the highest number from all the surrounding zip codes. The median sales price tumbled to $213,500, down from last week's $280,000. Even after the uptick in sales, an elevated 22 months of inventory tells us that the 22727 zip code is still a strong buyer's market.
Comments:

$12M  
Home sales in the 22727 zip code market remained sluggish in this week's report as they fell 50.0% to one home sold over the last 30 days. On the other hand, the close-by 22701 zip code registered 24 homes sold in the same period, the most of all surrounding zip codes. The amount of available homes increased, reaching a volume of 46 months of inventory, its highest point since October. The 22727 zip code is a strong buyer's market, due to the large amount of inventory left and aided by the dip in sales.
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RE/MAX New Horizons
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Roy Wheeler Realty Co.
Snapped 6 homes in this area

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