$332K  
The 22801 zip code market saw 39 homes go under contract and failed to break out of a recent downward trend. Along with that, total home sales fell to 37 over the last 30 days. The median sales price dropped to $226,050 over the latest reporting period for the 22801 zip code, down from $230,000. A downturn in contracts, coupled with the availability of seven months of inventory, prove that the 22801 zip code is a definite buyer's market.
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$2.5M  
The number of price cuts in the 22801 zip code market climbed to 43 over the last 30 days, furthering a prolonged positive trend. Despite drops in list prices, sales also decreased to 40 homes sold. Prices are falling in the 22801 zip code, and this period the median price of all sales fell from $246,400 to $242,950.
Comments:

22801 is a zip code in Virginia, and is somewhat affluent with a median income of $48,846 per household. It's much older than the rest of the state, with a median age of 22. It should be noted that 43.0% of the homes in the 22801 zip code are owned, while 48.4% are rentals. The best school in the zip code is Harrisonburg High School.
Comments:

$499K  
With a recent downward trend of new sellers listing homes, including 40 over the last 30 days, and sales that dropped to 42 in that same time frame, the 22801 zip code market will be cooling off. All indications show that the trend may be coming to an end, meaning more new listings over the next few weeks. Potential buyers should note that prices went up in the 22801 zip code, with the median for this period rising from $228,025 to $244,200.
Comments:

$332K  
Over the last 30 days, the 22801 zip code market looked busy with 51 homes sold, a 4.1% increase from last week's report. At the same time, the 22802 zip code reported 21 home sales, the highest number from all the surrounding zip codes. The median sales price dropped to $230,000 over the latest reporting period for the 22801 zip code, down from $242,000.
Comments:

$2.5M  
Sales in the 22801 zip code market remained flat at 43 homes sold over the last 30 days, while the number of sellers reducing their list prices reached 35, which continues a determined upward trend in price reductions. While price reduction numbers were strong, the median sales price of homes sold came in at $250,000, which extended a price upswing to eight weeks.
Comments:

$114K  
A three-week rough patch for the overall sales trend continues in the 22801 zip code market. Also, the actual number of sales dropped 6.8% over the last 30 days, coming in at 41. As sales trended lower, months of inventory rose, trending up for four weeks to six months.
Comments:

$332K  
The 22801 zip code market got good news in this week's report, as the number of home sales climbed 14.7%, pushing the total to 39 homes sold over the last 30 days. Within the same time frame, the 22802 zip code had 22 sales, the most of all zip codes in the area. The median sales price dropped to $262,250 over the latest reporting period for the 22801 zip code, down from $272,250. The 22801 zip code is still a definite buyer's market, in spite of the uptick in sales, thanks to the availability of seven months of remaining inventory.
Comments:

With 41,551 residents, 22801 is a larger than average zip code in Virginia. Also, with a 26.3% increase over the last 10 years, its population is growing faster than other parts of the state. The 22801 zip code is made up of homes that are considered of moderate age with a median of 24 years. The best school in the zip code is Harrisonburg High School.
Comments:

$2.5M  
The number of price cuts in the 22801 zip code market climbed to 33 over the last 30 days, furthering a new positive trend. Despite drops in list prices, sales also decreased to 34 homes sold. The median sales price rose to $272,250, up from last week's $254,625. The 22801 zip code is a strong buyer's market, due to a big eight months of inventory left and aided by the dip in sales.
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