
The DULUTH market is currently quite strongly in the Buyers Market zone (below 30).
The 90-day Market Action Index stands at 10. With several months of inventory available at the current sales rate, buyers should find ample choice.
Home sales have been exceeding new inventory for several weeks. Since this is a Buyer's market, prices are not yet moving higher as excess inventory is consumed. However, if these supply and demand trends continue, we are likely to see upward pressure on pricing.
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