STEAMBOAT’S RESIDENTIAL SALES BAROMETER
Over the past three months, the Steamboat real estate market has experienced a notable increase in inventory, driven in part by a 58% surge in new listings in July. Median days on market have risen 83% compared to this time last year, and price reductions are becoming more frequent —indicators of a cooling, more buyerfriendly environment. While pending sales are up 8%, showing that buyers are active, demand has not kept pace with the influx of new listings. Overall, the market appears to be shifting toward a more balanced position, offering greater opportunities for buyers