Urbana Real Estate Market Report for April 2009
Real estate market statistics for April 2009 for sales activity in Urbana MD have been published.* Here is the synopsis:
| Urbana | 2009 | 2008 | % Change |
| Avg. Price | $414,154 | $360,900 | +15% |
| Median Price | $400,000 | $350,000 | +14% |
| DOM (days on market) | 268 | 232 | +16% |
| # homes sold | 13 | 7 | +86% |
| New Listings: | 18 |
| Total Marked Contract: | 7 |
| Total Marked Contingent: | 9 |
| Total Pending (contract + contingent) | 16 |
There are currently 84 homes listed for sale in Urbana. This represents roughly a 7 month absorption rate in Urbana. One other comment: 10 out of 13 homes sold last month were sold after being on the market for over 120 days. Anecdotally, we're seeing increased activity in Urbana, with multiple offers on well-priced homes in great condition.
Compare to Urbana real estate market statistics for March 2009. See Frederick County real estate market statistics for April 2009.
* Source: Metropolitan Regional Information Systems, Inc. - MLS Resale Data
Copyright 2009 - Information deemed reliable, but is not guaranteed.
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The Highland Group
Chris & Karen Highland * 301-831-9947
Turning Point Real Estate – 301-831-8232
email us: isell4u2@msn.com
Text Us: 301-401-5119