Numbers don’t lie. The data for August 2009 shows that the inventory of homes on the market in Stillwater has increased for the 2nd month in a row. The number of homes sold continues to decline as well as the median and average sales price. In fact, the couple of numbers that have increased this month are ones you don’t want to see – number of new listings and average days on the market.

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 real estate probably isn’t for you.

Our advice to buyers – get off the fence already. The deadline for the 1st time homebuyer tax credit is rapidly approaching. If you plan on buying a short sale or foreclosure and receiving the tax credit then the odds are stacked against you.

Sellers – price your home at or slightly below market value and it should sell quickly.