If the past week has proven anything, it’s that both winter and the spring real estate market in the Stillwater and St. Croix Valley area can change quickly.
After what looked like a steady move toward spring, winter has come roaring back across Minnesota. Interestingly, the local real estate market has mirrored that same sudden shift in momentum.
Inventory Begins to Move
Over the past week, we saw 13 new listings come to market in the Stillwater area, bringing fresh opportunities for buyers who have been patiently waiting for more homes to become available.
At the same time, 4 homes went pending, showing that even with new inventory appearing, well-priced homes are still attracting serious buyers quickly.
One of the most important indicators we track each week is the Market Action Index, which measures the balance between supply and demand. Last week that number sat at 39, already signaling a seller-leaning market.
This week, however, it jumped sharply to 44, reinforcing what many of us are seeing firsthand — buyer activity is accelerating as we move deeper into the spring market.
Interest Rates Bounce Back
While mortgage rates had shown some signs of easing recently, that relief turned out to be short-lived. Rates have moved back up to around 6.5%, reminding both buyers and sellers that the market continues to adjust to broader economic forces.In fact, the theme of the week could easily be described as “jumping.”Several key economic indicators have moved quickly over the past few days, including:
- Mortgage interest rates
- Gas prices
- Unemployment data
- Market sentiment
- Despite those shifts, one thing remains very clear: buyer demand is still strong.
Buyer Demand Remains Strong
Over the past week alone, I have received multiple calls from new buyers actively looking for homes in the Stillwater and St. Croix Valley area.
These are not casual shoppers — they are serious, qualified buyers who are ready to purchase when the right property becomes available.
In fact, I currently have three ready, willing, and able buyers specifically looking for homes on the St. Croix River.
As many homeowners know, riverfront properties are some of the most sought-after homes in the region, yet inventory remains extremely limited.
If you have even remotely considered selling your St. Croix River property or another home in the Stillwater area, this may be a moment worth exploring. With motivated buyers already in place, the opportunity for a strong sale can happen quickly when the right property hits the market.
A New Listing Worth Seeing
I’m also excited to introduce a beautiful new listing at 4700 McDonald Drive Place North, a stunning home and property that truly captures the lifestyle many buyers are seeking in the Stillwater area.
This home offers a remarkable combination of privacy, natural beauty, and thoughtful design, creating a setting that feels both peaceful and connected to the vibrant Stillwater community.
Properties like this highlight why the St. Croix Valley continues to attract buyers from across the Twin Cities and beyond.
Looking Ahead to the Spring Market
As we move deeper into March, all signs suggest the spring real estate market in Stillwater is gaining momentum.
With:
- Increasing buyer activity
- A rising Market Action Index
- Limited luxury and riverfront inventory
- And continued interest in the St. Croix Valley lifestyle
The coming weeks will likely bring more movement, more listings, and more opportunities for both buyers and sellers.
If you are thinking about buying, selling, or simply want to better understand the current market conditions, I am always happy to have a conversation.
After more than three decades helping clients navigate the Stillwater and St. Croix Valley real estate market, I can tell you that local knowledge, timing, and strategy make all the difference.
And right now, the market is clearly telling us something: spring has arrived.
