Spring Market Kicks Off with Rising Inventory and Lower Interest Rates
The Stillwater, MN real estate market is seeing its first signs of the spring season. Inventory has increased to 45 active listings, giving buyers more choices while still maintaining a seller’s advantage. The Market Action Index has dipped from 46 to 43, indicating a slight cooling trend, but Stillwater remains in a seller’s market for now.
$949,000
Median List Price
43
Market Action Index
$264
Price per sqft
42
Median DOM
One of the biggest headlines this week is interest rates reaching some of the lowest levels in the past two months. This could be the opportunity many buyers have been waiting for to secure a better mortgage rate and make their move before competition ramps up.
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Key Market Metrics
- Median List Price: $949,000
- Median New Listing Price: $700,000
- Price per Square Foot: $264
- Average Days on Market: 86
- Median Days on Market: 42
- Price Decreases: 20% of listings
- Market Action Index: 43 (Slight Seller’s Advantage)
While demand remains strong, if the market continues cooling, we may see price adjustments in the coming weeks. However, with the increase in listings and attractive interest rates, this could be a key moment for buyers looking to enter the market before competition heats up.
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Community Spotlight: Congrats to the Ponies Hockey Team!
Stillwater is not just about luxury homes and market trends—we're also home to champions! Huge congratulations to the Ponies Hockey Team for their double-overtime victory over Hill-Murray, securing their place in the State Tournament! Their determination and grit embody the spirit of our community.
What Does This Mean for You?
For Sellers:
For Sellers: Inventory is still relatively low, and pricing remains strong. If you're considering selling, now is an excellent time to list before competition increases.
For Buyers: Lower interest rates could mean significant savings on your monthly mortgage payments. With more homes hitting the market, now is a great time to start your search.
Curious about your home's value?Click below to get a detailed report and personalized market insights.
