DULUTH – Local home sale prices hit another record high in September, a month that usually sees real estate activity start to quiet down but the number of monthly closed sales remained near decadeslong highs.
The median sale price in the Duluth area reached $205,000 last month, up nearly 20% from a year ago, according to the latest report from Lake Superior Area Realtors.
Still, the number of homes hitting the market remains low, which is a major factor in driving prices up. Realtor Tom Acton warned the current market won’t last forever.
“There is a shortage of housing, which we didn’t have last year, and it’s getting worse,” said Acton with RE/MAX Results in Duluth and Superior. “I don’t think this market is