Urbana, MD Market Report – 1/18/10

18 Jan
January 18, 2010
Urbana is a mix of older single family houses on large lots and the newer Urbana Town Center homes with village clustering. Urbana, which is located on the southern edge of Frederick County, is located within close-proximity to both the employment centers around the City of Frederick as well as down I-270 into the biotech corridor of Montgomery County.

The following is a summary of the housing market conditions in Urbana, Maryland.

  • Homes for sale: 72
  • Closed sales: 10
  • Average sold price: $345,080
  • Average Days on market: 52

Prices in Urbana are still about 13% below where they were one year ago, but we are seeing the trend of prices on the rise. The number of houses available for sale is 25% lower compared to the same time last year, and the time it takes to sell a house is about half as long as it was one year ago.

Market data and  commentary provided by David Hess, Executive Vice President and Managing Broker.

Search for homes in Urbana, and all of the DC Metro: www.averyhess.com

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