$695K  
Over the last 30 days, sales in the 22738 zip code market remained at their current pace of one homes. However, the amount of pending transactions continued to improve, reaching a total of four during the same period. A months of inventory number of 36 reported this week continued an eight-week upward trend, even with the strong contracts in the area. Along with the slip in sales, the higher-than-normal inventory indicates that the 22738 zip code is a strong buyer's market.
Comments:

$695K  
The 22738 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 six. Pricing in the 22738 zip code remains consistent from last week to this week, with the median sales price at $217,500 again. With no movement in sales and the availability of 37 months of inventory, the 22738 zip code is a strong buyer's market.
Comments:

$339K  
Home sales in the 22738 zip code market dipped below its average sales volume for the prior 12-month period. In this week's report, they dropped 50.0% to one home sold over the last 30 days. In comparison, the nearby 22701 zip code had 49 sales in the same time frame, the most of all neighboring zip codes. Prices are falling in the 22738 zip code, and this period the median price of all sales fell from $808,750 to $217,500. With decreasing sales and the availability of 42 months of inventory, the 22738 zip code is a solid buyer's market.
Comments:

$4.9M  
Over the last 30 days, an established upward sales trend continued in the 22738 zip code market, even as sales remained flat at two this week. The median sales price dropped dramatically to $808,750, down from last week's $1,400,000. Along with flat sales, a relatively high 19 months of inventory indicates that the 22738 zip code is a strong buyer's market.
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With 781 residents, 22738 is a smaller-than-average zip code in Virginia. Also, with a 20.5% increase over the last 10 years, its population is growing faster than other parts of the state. With a median age of 32 years, homes in the 22738 zip code tend to be relatively old.
Comments:

$695K  
Sales stayed firm at two homes sold over the last 30 days in the 22738 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 zero for the same period. While new listings numbers suggested otherwise, months of inventory is on a four-week upswing, this week hitting 16 months. Along with the slip in sales, the higher-than-normal inventory indicates that the 22738 zip code is a solid buyer's market.
Comments:

$5.4M  
The 22738 zip code market saw sales remain flat this week with two homes sold over the last 30 days but new listings plummeted to zero. The median sales price continued to rise, trending upwards for four weeks to reach $1,400,000. The 22738 zip code is a solid buyer's market, thanks to a big 17 months of inventory to choose from and the flat sales.
Comments:

$449K  
The 22738 zip code market showed healthy signs this week as sales rose 100.0% to reach two homes sold over the last 30 days, breaking above the average sales volume for the prior 12 months. To put it in perspective, the close-by 22701 zip code registered 52 homes sold in the same period, the most of all surrounding zip codes. The median sales price in the 22738 zip code stayed put this week at $1,400,000. The 22738 zip code is still a strong buyer's market, in spite of the uptick in sales, thanks to the availability of 17 months of remaining inventory.
Comments:

$695K  
The 22738 zip code market improved in this week's report, as the number of sales went up to one home sold over the last 30 days. To put it in perspective, the close-by 22701 zip code registered 47 homes sold in the same period, the most of all surrounding zip codes. Despite the uptick in sales, there are still 42 months of inventory left to work through, meaning the 22738 zip code is still a solid buyer's market.
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$159K  
Yet again, no deals were completed in the 22738 zip code market over the last 30 days. The 22738 zip code is used to having 1.7 sales per month.
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Roy Wheeler Realty Co.
Snapped 2 homes in this area

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