Numbers don’t lie. The data for October 2009 shows that for the 1st time in 3 months the inventory of homes on the market in Stillwater has declined. The number of homes sold continues to decline as well as the median and average sales price. In fact, the ONLY increase over last year is the percentage of the original list price received at sale – meaning sellers are actually pricing the home slightly below market value in hope of a quick sale.

This data comes directly from the RMLS (regional multiple listing service) and is considered reliable but not guaranteed. If you’re looking for a guarantee then you should look elsewhere.

Our advice to buyers – Now that the 1st time homebuyer tax credit has been extended you have more time to find a home.

Sellers – the same as usual. Price your home at or slightly below market value and it still should sell rather fast.