2020 Q4 Market Report_Digital | Page 17

DETACHED HOMES UNDER $ 1M
ATTACHED HOMES UNDER $ 1M
Duluth | Q4 2020
Q4 2020 Q4 2019 % change
Total Homes for Sale
Total Homes Sold Average List Price ( 000 ) Average Sold Price ( 000 ) Average Days on Market
Months ’ Supply
50
211 $ 476 $ 387 33 0.9
127
194 $ 456 $ 352 49 2.5
-61% + 9 % + 4 % + 10 % -33% -64%
Total Homes
For Sale

50

Total Homes
Sold

211

Average List Price ( 000 )
$

476

Average Sold Price ( 000 )
$

387

SELLER ’ S MARKET
0-6 Months ’ Supply
Demand exceeds supply driving home prices up , giving the seller the upper hand in negotiating .
6 Months ’ Supply
Balanced market with stable supply and demand
BUYER ’ S MARKET
6 + Months ’ Supply
Supply exceeds demand , driving home prices down , giving the buyer the upper hand in negotiating .
Average Days On Market
33
Months ’ Supply

0.9

3
Source : Trendgraphix All data believed to be accurate , but not warranted .
ATTACHED HOMES UNDER $ 1M Duluth | Q4 2020
Q4 2020 Q4 2019 % change
Total Homes for Sale
Total Homes Sold Average List Price ( 000 ) Average Sold Price ( 000 ) Average Days on Market
Months ’ Supply
21
77 $ 310 $ 265 27 1.1
55
61 $ 272 $ 240 49 2.8
-62% + 26 % + 14 % + 10 % -45% -62%
Total Homes
For Sale

21

Total Homes
Sold

77

Average List Price ( 000 )
$

310

Average Sold Price ( 000 )
$

265

SELLER ’ S MARKET
0-6 Months ’ Supply
Demand exceeds supply driving home prices up , giving the seller the upper hand in negotiating .
6 Months ’ Supply
Balanced market with stable supply and demand
BUYER ’ S MARKET
6 + Months ’ Supply
Supply exceeds demand , driving home prices down , giving the buyer the upper hand in negotiating .
Average Days On Market
27
Source : Trendgraphix All data believed to be accurate , but not warranted .
Months ’ Supply

1.1

16