🏡 DULUTH MARKET SNAPSHOT

The Numbers at a Glance

📈 WHAT THE MARKET IS TELLING US

Inventory remains fairly lean.
With 2.2 months of supply, inventory is still relatively limited compared with buyer demand, creating a steady-to-competitive market.

Prices remain healthy.
The median sold price is $320,000, while the average sold price is $389,256 — highlighting continued activity in higher-priced properties.

Sellers still have some leverage.
A 2.2-month supply gives well-priced and well-presented homes an advantage, particularly when they are positioned correctly from the start.

Buyers need to be ready.
With a 54% pending-to-active ratio, desirable homes are being absorbed. Buyers who are prepared to act when the right property hits the market may have an advantage.

🏠 THE BOTTOM LINE

Duluth's market feels balanced — but preparation matters.

For sellers, pricing and presentation remain key.

For buyers, having financing, a strategy, and the ability to move quickly can make a difference.

The market isn't wildly competitive, but the best homes are still getting attention.

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