$219K  
The 22740 zip code market reported two contracts in the last 30 days, the highest amount since April. During the same period, one sale was completed. During the same time frame, 22701 had the most contracts executed of any other neighboring zip codes with 67. While contracts numbers rose, prices dropped. This week's reported median sales price of $195,000 continued a four-week downward trend. The 22740 zip code is a strong buyer's market, due to falling prices and a large 24 months of inventory left.
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$599K  
The 22740 zip code market saw sales remain steady this week at one home sold over the last 30 days, but this could change due to a solid upward trend in price reductions, with six reported in the same time frame. Prices are falling in the 22740 zip code, and this period the median price of all sales fell from $290,000 to $195,000. With no movement in sales and the availability of 26 months of inventory, the 22740 zip code is a solid buyer's market.
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$595K  
The number of homes coming into the 22740 zip code market jumped to three listings over the last 30 days, while sales remained right where they were as once again one home was sold over the same period. The median sales price of all transactions in the 22740 zip code did not budge this week, remaining at $290,000. With no movement in sales and the availability of 26 months of inventory, the 22740 zip code is a strong buyer's market.
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$599K  
The 22740 zip code market is becoming less expensive. While sales came in at one home sold over the last 30 days, price reductions are the highest they've been since December, with six reported over the same period. When comparing other close-by zip codes within the same period, the most came from the 22701 zip code with 71 price reductions. Pricing in the 22740 zip code remains consistent from last week to this week, with the median sales price at $290,000 again. The 22740 zip code is a definite buyer's market, thanks to a big 25 months of inventory to choose from and the flat sales.
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22740 is a zip code in Virginia. It's affluent and the cost of living is average compared to the rest of the state, with a median income of $55,088 per household and cost of living adjustment score of 102.0. Homes in the 22740 zip code are older than most with a median age of 41 years.
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$599K  
The 22740 zip code market seems to have gone completely and unexpectedly quiet. After trending higher for two weeks, no sales at all were reported over the last 30 days.
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$875K  
Fewer sellers put their homes up for sale in the 22740 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 one home was sold. Pricing in the 22740 zip code remains consistent from last week to this week, with the median sales price at $1,164,000 again. The 22740 zip code is a definite buyer's market, due to a big 23 months of inventory left and aided by the flat sales.
Comments:

$575K  
There have been one home sold in the 22740 zip code market over the last 30 days. During the same period, the number of new listings totaled one, the fewest since March. During the same time frame, 22701 had the most of any other neighboring zip codes with 84 new listings. The median sales price in the 22740 zip code stayed put this week at $1,164,000. A downturn in contracts, coupled with the availability of 23 months of inventory, prove that the 22740 zip code is a definite buyer's market.
Comments:

$785K  
Home sales in the 22740 zip code market dipped below its average sales volume for the prior 12-month period. In this week's report, they fell 50.0% to one home sold over the last 30 days. On the other hand, the close-by 22701 zip code registered 51 homes sold in the same period, the most of all surrounding zip codes. Prices are rising in the 22740 zip code, and the median sales price this period increased from $776,500 to $1,164,000. The 22740 zip code is a solid buyer's market, thanks to a big 23 months of inventory to choose from and a pullback in sales.
Comments:

$595K  
The 22740 zip code market got good news 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. In comparison, the nearby 22701 zip code had 55 sales in the same time frame, the most of all neighboring zip codes. The median sales price rose dramatically to $776,500, up from last week's $389,000. Despite the uptick in sales, there are still 11 months of inventory left to work through, meaning the 22740 zip code is still a definite buyer's market.
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