Urbana Real Estate Market Report for April 2009

Published 14 May 09 10:57 AM | Chris & Karen Highland 

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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# Frederick County Short Sale Information : Real Estate Market Reports for Frederick County - April 2009 said on May 14, 2009 11:11 AM:

PingBack from http://www.highlandrealestategroup.com/blogs/chris__karen_highland/archive/2009/05/12/real-estate-market-reports-for-frederick-county-april-2009.aspx

# Frederick County Short Sale Information said on June 12, 2009 12:04 PM:

Real estate market statistics for May 2009 for sales activity in Urbana MD have been published.* Here

# REO Commercial Properties said on October 7, 2009 2:30 AM:

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# Bank Owned Properties California said on October 7, 2009 5:03 AM:

I was just thinking about Frederick County Short Sale Information and you've really helped out. Thanks!

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About Chris & Karen Highland

We’re Chris and Karen Highland, The Highland Real Estate Group. We’ve lived in the Frederick area for over 18 years and are raising our 4 children here. We’ve seen many communities built where there once was farmland. We love the “small-city yet large-town” atmosphere of Frederick, the quality of life, and the affordability we’ve found here. I've been selling real estate in Central Maryland for almost 16 years. Karen has been helping me over the years in different capacities, as an assistant, then as a buyer’s agent. For a year, I managed an office and Karen took over the bulk of the business. It was a great experience for both of us. I managed 90+ agents and saw more contracts come over my desk than the previous 14 years combined! Now I'm back, running the business and Karen is running the office, and blogging and marketing. With each new year comes a different kind of market and new challenges. In this present market, we face many challenges with mortgage problems, distressed properties and the credit crunch. I've gotten a nationally recognized certification , CDPE, Certified Distressed Properties Expert, to equip me to help homeowners in distress. I'll be blogging about a lot of these issues and about all kinds of real estate topics. Karen and I always have something to say! Join us in our online, ongoing conversation about Frederick Real Estate