Even though the summer season is traditionally a slower time for the real estate market all over the country, it’s safe to say the summer of 2016 was significantly more competitive than just about any summer in recent memory.
But now that August is coming to a close and the busy fall season is right around the corner, we thought now might be a good time to provide Duluth area home buyers and sellers with a quick market update.
As of today, the median list price for a home in Duluth, MN is $175,000, which comes out to approximately $102 a square foot. Although still higher than much of what we saw in 2015, that’s still the lowest median list price for a home in Duluth since January of this year when it settled at $174,000.
The median closing…