The Stillwater area real estate market continues to hold strong as a seller’s market, with the latest market score coming in at 49. This is great news for homeowners considering selling, as market conditions remain in your favor.
Since last week’s report, seven homes have gone under contract, moving quickly with an average market time of just 21 days. This swift pace demonstrates that when homes are priced right and marketed effectively, they are still attracting strong buyer interest.
Even better news? Interest rates have just dropped to their lowest levels since last October. While it’s too early to say if this is the start of a long-term trend, it’s a positive sign that could encourage more sellers to list their homes. Historically, lower interest rates increase buyer activity and can help sellers secure strong offers.
However, the biggest challenge we face right now is not interest rates—it’s inventory. Many homeowners are hesitant to list because they worry about finding their next home. This “fear of selling themselves out of their house” is a real concern, especially in a tight market. Most sellers need to have a plan for their next move before they are comfortable listing their current property. As your trusted Stillwater real estate resource, I help clients navigate this challenge with creative solutions, including temporary housing options, rent-backs, and off-market opportunities.
Canadian Wildfires & Smoke in the Stillwater Area
On a different note, many of us have noticed the recent haze and air quality alerts due to smoke drifting down from Canadian wildfires. This has impacted outdoor activities, open house experiences, and even property showings on certain days. The good news is that meteorologists are predicting a shift in weather patterns that should help clear much of the smoke in the coming days, thanks to incoming rain systems and changing wind directions. This means clearer skies, better air quality, and a more pleasant environment for buyers touring homes.
What This Means for You as a Seller or Buyer
For sellers: You are still in a position of strength. Well-priced homes with strategic marketing are moving fast, and reduced interest rates are pulling more buyers into the market.
For buyers: Lower rates mean improved purchasing power, but be ready to act quickly when you find the right property—competition is still strong.
If you’re thinking of making a move, whether buying or selling, now is the time to start planning your next steps. I’m here to provide guidance, negotiate in your best interest, and help you move forward with confidence.
đź“ž Call or text me today to discuss your real estate goals and take advantage of this dynamic Stillwater market.
