Market Report

Steamboat Springs, CO 80487

Single-Family Homes

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Steamboat Springs, CO 80487

Sun Jun 24 2018
This week the median list price for Steamboat Springs, CO 80487 is $999,900 with the market action index hovering around 29. This is an increase over last month's market action index of 27. Inventory has held steady at or around 215. Click here to stay informed with the Steamboat Springs market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

Home sales have been exceeding new inventory for several weeks. However because of excess inventory, prices have not yet stopped falling. Should the sales trend continue, expect prices to level off soon and potentially to resume their climb from there. Watch prices as the market transitions from a Buyer's market to a Seller's market.

Steamboat Springs, CO 80487

Sun Jun 24 2018
This week the median list price for Steamboat Springs, CO 80487 is $999,900 with the market action index hovering around 29. This is an increase over last month's market action index of 27. Inventory has held steady at or around 215. Click here to stay informed with the Steamboat Springs market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

Home sales have been exceeding new inventory for several weeks. However because of excess inventory, prices have not yet stopped falling. Should the sales trend continue, expect prices to level off soon and potentially to resume their climb from there. Watch prices as the market transitions from a Buyer's market to a Seller's market.

Real-Time Market Profile

Never miss important changes in the Steamboat Springs market.
Median List Price $999,900
Per Square Foot $388
Days on Market 165
Price Decreased 23%
Price Increased 2%
Relisted 8%
Inventory 215
Median House Rent $4,500
Most Expensive $16,000,000
Least Expensive $69,900
Market Action Index
Slight Buyer's Advantage 		29

Again this week in this zip code we see a downward notch for prices. We continue to pull back from the market’s highs. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$3,750,000 6,541 1 - 2.5 acres 5 6 13 5 0 437
$1,386,250 3,965 0.5 - 1 acre 4 4 16 1 2 189
$775,000 1,998 0.25 - 0.5 acre 3 3 22 10 4 36
$425,000 1,249 0.25 - 0.5 acre 2 2 24 5 9 1