Much like winter in Minnesota—with its snow, ice, and ever-changing conditions—the Stillwater real estate market continues to evolve week by week.
This week, the Market Action Index slid another point, settling at 41. While some might interpret that as a clear shift, from my perspective as a local Stillwater real estate expert, it’s still too early to declare a full market swing.
Here’s why.
Buyer Demand Is Still Strong
Despite the slight dip in the index, buyer demand remains very much alive. I continue to see many motivated buyers on the sidelines, simply waiting for more inventory to come to market. This is a classic seasonal pattern we often experience during the winter months in Stillwater and the St. Croix Valley.
Pricing Remains Resilient
Equally important: I have not seen any meaningful decline in pricing. Well-positioned homes—especially those that are properly prepared, marketed, and priced—are still attracting strong interest. This tells us the fundamentals of our local market remain solid.
Interest Rates: A Positive Shift
One of the most encouraging developments this week is that mortgage interest rates have dipped below 6%. That’s a significant psychological and financial threshold for buyers. While it’s something we’ll continue to watch closely, this could provide renewed momentum as we move toward spring.
Seasonal Trends Matter
All signs point to this being part of our normal seasonal cycle, not a downturn. Winter typically brings fewer listings, fewer showings, and a bit of hesitation—yet the underlying demand doesn’t disappear. It simply waits.
🏡 NEW LISTING | Nottingham Village, Stillwater
Modern comfort meets timeless charm in this beautifully maintained 2020-built home ✨
Enjoy true one-level living with no HOA, an open and airy layout, custom built-ins, and a cozy gas fireplace that makes the space feel instantly welcoming.
From the pet-friendly kitchen details 🐾 to the impressive heated garage with epoxy floors and premium storage, every inch of this home was designed with everyday living in mind. The finished lower level adds even more flexibility with a 4th bedroom, full bath, and extra living space.
📍 Located in scenic Stillwater
📩 Message me for details or to book a private tour.
Stillwater Winter Highlight: Snow Sculptures at Lowell Park
1st Place:
Team: Fjordwitches
Country: Canada
Sculpture Title: The Inosculation of Souls
Cold weather is actually great news this week—especially for the sixteen internationally created snow sculptures currently on display at Lowell Park, overlooking our spectacular riverfront.
This year’s winning team came from Canada, and the craftsmanship is truly world-class. If you haven’t seen them yet, bundle up, add a few layers, and head down—you’ll be glad you did.
As someone who lives, works, and invests deeply in Stillwater, this blend of community, lifestyle, and real estate is exactly why so many people want to call this area home.
