$359K  
The 22844 zip code market got a lift this week as sales rose to 11 homes sold over the last 30 days to go with an established upward trend of contracts closing, now up to 16. All indications show that the trend may be coming to an end, meaning less pending transactions over the next few weeks. Prices are falling in the 22844 zip code, and this period the median price of all sales fell from $150,000 to $140,000. Despite the rising contracts trend, with eight months of inventory to work through, the 22844 zip code is a still definite buyer's market.
Comments:

$359K  
New listings have fallen in the 22844 zip code market, reaching a low that hasn't been seen since February. They also had a 30-day tally of eight sales. When comparing other close-by zip codes within the same period, the most came from the 22802 zip code with 35 new listings. Prices are falling in the 22844 zip code, and this period the median price of all sales fell from $186,700 to $150,000. The 22844 zip code is still a strong buyer's market, in spite of the uptick in sales, thanks to the availability of 12 months of remaining inventory.
Comments:

$349K  
In this week's report, the number of homes sold in the 22844 zip code market fell to four over the past 30 days, a decrease of 20.0% from last week's report. In comparison, the nearby 22802 zip code had 20 sales in the same time frame, the most of all neighboring zip codes. Potential buyers should note that prices are coming down in the 22844 zip code, and for this period the median sales price slid from $248,900 to $186,700. Along with the slip in sales, a relatively high 25 months of inventory indicates that the 22844 zip code is a solid buyer's market.
Comments:

22844 is a zip code in Virginia. It's somewhat affluent and the cost of living is expensive compared to the rest of the state, with a median income of $49,919 per household and cost of living adjustment score of 109.1. The 22844 zip code is made up of homes that are relatively old with a median of 31 years.
Comments:

$359K  
Over the last 30 days, the number of homes sold in the 22844 zip code ticked up to five. While the sales increased, the amount of pending transactions also trended upward, reaching a total of 17 during the same period. Prices are falling in the 22844 zip code, and this period the median price of all sales fell from $285,000 to $248,900. Despite the rising contracts trend, with 19 months of inventory to work through, the 22844 zip code is a still definite buyer's market.
Comments:

$109K  
Sales numbers in the 22844 zip code market remain the same with one home sold over the last 30 days and the market still shows a solid trend downward overall. The median sales price of all transactions in the 22844 zip code did not budge this week, remaining at $285,000. The 22844 zip code is a solid buyer's market, due to a downward trend in sales numbers and 102 months of inventory remaining.
Comments:

$319K  
Home sales in the 22844 zip code market stayed sluggish in this week's report as they fell 75.0% to one home sold over the last 30 days. In comparison, the nearby 22802 zip code had 22 sales in the same time frame, the most of all neighboring zip codes. Potential buyers should note that prices went up in the 22844 zip code, with the median for this period rising from $165,000 to $285,000. The 22844 zip code is a strong buyer's market, thanks to a big 105 months of inventory to choose from and a pullback in sales.
Comments:

$109K  
The 22844 zip code market stayed sluggish this week as sales slid 40.0% to land at three homes sold over the last 30 days. In comparison, the nearby 22802 zip code had 22 sales in the same time frame, the most of all neighboring zip codes. The median sales price continued to fall, trending downwards for four weeks to reach $165,000. The 22844 zip code is a strong buyer's market, due to falling prices and a large 35 months of inventory left.
Comments:

$109K  
The 22844 zip code market showed continued softness over the last 30 days, extending a three-week trend. Sales fell 16.7% to five homes, the lowest amount in three months. In comparison, the 22802 zip code had 27 sales in the same time frame, the most of all nearby zip codes. As sales found a new low point, months of inventory rose, trending up for four weeks to 21 months. The 22844 zip code is still a definite buyer's market, due to the downward trend in sales numbers and the large amount of inventory.
Comments:

22844 is an average-sized zip code in Virginia with 4,423 residents. Its population is also growing faster than others at a 10-year growth rate of 14.4%. The 22844 zip code market is almost exclusively made up of detached houses, which currently account for 96% of the homes for sale in the area.
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