$299K  
The number of sellers who put their homes up for sale in the Urbanna market over the last 30 days remained flat this week at five. Home sales also remained unchanged from the prior period and once again three homes were sold. The median sales price of all transactions in Urbanna did not budge this week, remaining at $205,000. There are only two months of inventory available in Urbanna, so it's a strong seller's market, even if sales are flat.
Comments:

The population of Urbanna is affluent compared to others in Virginia with a median income of $58,499 per household. It's also considered an expensive city in terms of affordability with a cost of living adjustment score of 117.4. Urbanna is made up of homes that are considered relatively old with a median of 38 years.
Comments:

More sellers put their homes up for sale in the Urbanna market over the last 30 days and the number of new listings shot up this week to four. Home sales remained unchanged from the prior period and once again three homes were sold. The amount of available homes decreased, falling to one month worth of inventory, its lowest point since June. With such low levels of inventory, Urbanna is still a strong seller's market, in spite of the dip in sales.
Comments:

The Urbanna market saw sales remain flat this week with three homes sold over the last 30 days and new listings also remain flat at three. Months of inventory continued a steady fall, trending downwards for four weeks to reach two months. With such low levels of inventory, Urbanna is still a definite seller's market, in spite of the dip in sales.
Comments:

The Urbanna market made strides this week and remained above its average as sales climbed 200.0% to reach three homes sold over the last 30 days. Within the same time frame, Newport News had 132 sales, the most of all cities in the area. The median sales price dropped to $205,000, down from last week's $259,000. With only two months of inventory and rising sales, Urbanna is a strong seller's market.
Comments:

With a budding downward trend in sellers reducing price, including zero markdowns over the last 30 days, sales in the Urbanna market remained the same with one over the same stretch of time. Potential buyers should take note that the median sales price in Urbanna stayed flat at $259,000 and that there are four months of inventory still available.
Comments:

The Urbanna market pulled back with a 50.0% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (0.2) with one home sold. Within the same time frame, Newport News had 167 sales, the most of all cities in the area. The median sales price rose to $259,000, up from last week's $221,000. With only three months of inventory to sell, Urbanna is a seller's market, in spite of the dip in sales.
Comments:

Urbanna is a smaller-than-average city in Virginia with a population of 476 residents, and it has a higher than average density compared to the rest of the state, with 1,124.7 people per square mile. Urbanna has an home ownership ratio of 42.7% and a renting ratio of 22.0%.
Comments:

With an established upward trend of new sellers listing homes, including two over the last 30 days, and sales that remained the same at two in that same time frame, the Urbanna market will be steady. New listings numbers should rise over the next few weeks as well with all signs pointing to a continuation of the existing trend. As more new listings came into the market, prices have been increasing. The median sales price hit $221,000, extending an eight-week long spike. With only two months of inventory to sell, Urbanna is a definite seller's market, in spite of the flat sales.
Comments:

With a confirmed downward trend in sellers reducing price, including zero markdowns over the last 30 days, sales in the Urbanna market remained the same with one over the same stretch of time. The median sales price remained unchanged over the latest reporting period for Urbanna, coming in at $183,000. With only two months of inventory to sell, Urbanna is a definite seller's market, in spite of the flat sales.
Comments:
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