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    Stillwater Market Heats Up: Why Communication & Strategy Matter More Than Ever

    The Stillwater real estate market continues to favor sellers, with the Market Action Index rising to 50, signaling a strong...

    • Richard McDonough
    • May 5th, 2025
    • 2 min read

    The Stillwater real estate market continues to favor sellers, with the Market Action Index rising to 50, signaling a strong seller's market. Inventory has ticked up slightly to 53 active listings, and the median list price now sits at $780,000.

    But what does this really mean on the ground? I’ll tell you.

    Recently, I wrote an offer for a buyer who came in well over asking price, waived inspections, and paid in cash. Surprisingly, the seller chose a different offer—one with a mortgage. Why? It likely included appraisal gap coverage, a clause that assures sellers the buyer will make up the difference if the home appraises for less than the offer price. That’s powerful. That wins deals.

    On the listing side, one of my properties launched after a “Coming Soon” period that built incredible momentum—eight showings on day one, and an over-asking, contingency-free offer accepted that same night.

    Here’s the kicker: I’ve noticed a communication breakdown with many agents. Calls go unanswered, texts get ignored, and feedback rarely comes—until it’s too late. If you're not working with me, ask yourself: Does your agent know how to be assertive, timely, and communicative in a market this aggressive?

    In a market like this, there’s no room for missed signals. I bring transparency, strategy, and relentless communication to every transaction. You deserve that.

    📞 Let’s Talk

    As an Experienced, Resourceful, and Innovative Luxury Realtor, I can shed light on options you may not even know exist.

    Contact me today and let’s unlock the right path forward for your real estate goals!

     

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    Richard McDonough

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    Richard McDonough

    Richard McDonough

    124 North Main Street, Stillwater, MN. 55082

    124 North Main Street, Stillwater, MN. 55082

    Call Us:

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