🎄 Holiday Market Insights for Stillwater, MN: A Seller’s Advantage This Christmas 🎄
Richard McDonough
As we gather around the glow of twinkling lights this holiday season, the Stillwater real estate market is shining with opportunities—especially for sellers. While many might think the winter months are a quiet time in real estate, the data shows otherwise. This week’s Market Action Index continues to point toward a seller’s market, signaling strong demand and brisk activity despite the holiday season.
What Does a Market Action Index of 43 Mean?
The Market Action Index (MAI) measures the balance between supply and demand in the real estate market.
- A reading above 30 suggests a seller's market, where homes are more likely to sell faster and at favorable prices for sellers.
- This week, the MAI for Stillwater sits at 43, slightly higher than last month, reflecting the ongoing strength of buyer activity relative to the inventory available.
Here's the Bigger Picture:
- Median List Price: $599,950
- Inventory: 50 homes—down from previous weeks.
- Median Days on Market: 53 days, with half of the current listings being on the market for less than this time.
$599,950
Median List Price
53 days
Median DOM
50 homes down
Inventory
The following chart from this week’s report illustrates the current seller’s advantage. While the market action remains below peak highs, it has shown steady growth, reinforcing the trend of strong buyer demand this holiday season.
.png?w=851)
The Holiday Impact: What This Means for Sellers
The holiday season is typically seen as a quieter period in real estate, but this year breaks the mold:
- Decreased Inventory: Fewer homes on the market mean less competition for sellers.
- Serious Buyers: Many buyers in the market during this time of year are highly motivated—whether due to job relocations, family needs, or financial timing.
- Demand Outpaces Supply: With strong buyer activity and limited homes available, sellers have an edge in negotiating favorable terms.
🔥 Brisk Showing Activity on Current Listings
Over the past week, my listings have experienced exceptional showing activity, demonstrating that buyers are still actively searching and making offers during this festive period.
.png?w=1140)
Diving Deeper into the Market Segments
The real estate market in Stillwater is diverse, with trends differing across price ranges. The report highlights these quartile breakdowns:
- Top Quartile (Median Price: $1.5M): Larger, luxury homes are seeing slightly longer market times but remain in demand due to unique features.
- Second Quartile ($836,500): Strong interest in homes offering a balance of space and amenities.
- Third Quartile ($505,000): Consistently competitive, appealing to growing families and professionals.
- Bottom Quartile ($350,000): Entry-level homes remain a hot commodity, often moving quickly due to affordability.
Looking Ahead: Preparing for 2025
With the seller's market holding steady and buyer interest surging, now is an excellent time to start preparing for the new year:
- Thinking of Selling? Let’s assess your home’s value and create a tailored plan to market it effectively.
- Considering Buying? I can help you navigate this competitive market to find the perfect home before the spring rush.
Wishing You a Wonderful Holiday Season
From my family to yours, I wish you a Merry Christmas filled with warmth, love, and new opportunities. Let’s make this holiday season not only festive but also the start of something extraordinary in the real estate market
Whether you’re dreaming of a new home in 2025 or looking to maximize your equity, I’m here to guide you every step of the way. Contact me today, and let’s make your real estate dreams a reality.