$159K  
Home sales in the 22842 zip code market dipped below its average sales volume for the prior 12-month period. In this week's report, they fell 25.0% to six homes sold over the last 30 days. Meanwhile, the 22664 zip code reported 10 home sales, the highest number from all the surrounding zip codes. Prices are rising in the 22842 zip code, and the median sales price this period increased from $130,630 to $148,380. Along with the slip in sales, a relatively high 19 months of inventory indicates that the 22842 zip code is a strong buyer's market.
Comments:

$152K  
The 22842 zip code market pulled back this week but was still better than normal as sales slid 11.1% to eight homes sold over the last 30 days. Within the same time frame, the 22835 zip code had 11 sales, the most of all zip codes in the area. Potential buyers should note that prices are coming down in the 22842 zip code, and for this period the median sales price slid from $137,760 to $130,630. With decreasing sales and the availability of 14 months of inventory, the 22842 zip code is a solid buyer's market.
Comments:

$549K  
The 22842 zip code market saw sales remain flat this week with eight homes sold over the last 30 days, while new listings climbed to nine. Pricing in the 22842 zip code remains consistent from last week to this week, with the median sales price at $131,700 again. Along with flat sales, a relatively high 11 months of inventory indicates that the 22842 zip code is a definite buyer's market.
Comments:

$399K  
The number of price cuts in the 22842 zip code market climbed to 12 over the last 30 days, furthering a pronounced positive trend. Perhaps due to the decreases in list prices, sales increased to eight homes sold. All indications show that the trend may be coming to an end, meaning less price reductions over the next few weeks. Prices are falling in the 22842 zip code, and this period the median price of all sales fell from $214,500 to $131,700. Even after the uptick in sales, an elevated eight months of inventory tells us that the 22842 zip code is still a strong buyer's market.
Comments:

$199K  
The 22842 zip code market closed in on its 12-month sales average this week as sales climbed 20.0% to reach six homes sold over the last 30 days. To put it in perspective, the close-by 22664 zip code registered nine homes sold in the same period, the most of all surrounding zip codes. Months of inventory continued a steady fall, trending downwards for eight weeks to reach 11 months. The 22842 zip code is still a solid buyer's market due to the availability of such a large amount of remaining inventory, even after the uptick in sales.
Comments:

$549K  
The number of home sales in the 22842 zip code market rose 66.7% to five homes over the last 30 days, coming close to the 6.4 monthly average for the last 12 months. At the same time, the 22664 zip code reported 10 home sales, the highest number from all the surrounding zip codes. Pricing in the 22842 zip code remains consistent from last week to this week, with the median sales price at $210,000 again. Despite the uptick in sales, there are still 14 months of inventory left to work through, meaning the 22842 zip code is still a definite buyer's market.
Comments:

$399K  
Sales in the 22842 zip code market fell to three homes sold over the last 30 days, while the number of sellers reducing their list prices reached 10, which continues a budding upward trend in price reductions. The median sales price climbed to $210,000 over the latest reporting period for the 22842 zip code, up from $176,500. The 22842 zip code is a solid buyer's market, due to a big 23 months of inventory left and aided by the dip in sales.
Comments:

$175K  
22842 is a zip code that is growing faster than others in Virginia at a 10-year growth rate of 14.4%. It also has a larger than average population of 5,611 people. With a median age of 33 years, homes in the 22842 zip code tend to be relatively old.
Comments:

$2.6M  
The 22842 zip code market is enjoying an extended upward trend, even as sales remained flat at four homes over the last 30 days. The median sales price remained unchanged over the latest reporting period for the 22842 zip code, coming in at $149,500. With no movement in sales and the availability of 18 months of inventory, the 22842 zip code is a definite buyer's market.
Comments:

$114K  
The 22842 zip code market looks to improve in the short term. While four homes were sold over the last 30 days, the number of contracts executed rose to 12, the highest amount since September. When comparing other close-by zip codes within the same period, the most came from the 22664 zip code with 11 contracts executed. However, a six-week upward trend in pending transactions is expected to continue over the coming weeks. While contracts numbers rose, prices dropped. This week's reported median sales price of $149,500 continued a four-week downward trend. The 22842 zip code is a definite buyer's market, with a big 18 months of inventory to choose from coupled with falling prices.
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