Market Report
Steamboat Springs, CO 80487
Single-Family Homes
www.titlecorockies.com
Steamboat Springs, CO 80487
Sun Jul 21 2019
This week the median list price for Steamboat Springs, CO 80487 is $1,458,400 with the market action index hovering around 29. This is less than last month's market action index of 30. Inventory has held steady at or around 187.
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
The market has been cooling in recent weeks. Since this is a Buyer's market where there is excess inventory to satisfy the demand levels, prices have also been moving lower.
Real-Time Market Profile
| Median List Price | $1,458,400 | |
| Per Square Foot | $411 | |
| Days on Market | 229 | |
| Price Decreased | 26% | |
| Price Increased | 2% | |
| Relisted | 9% | |
| Inventory | 187 | |
| Median House Rent | ||
| Most Expensive | $13,750,000 | |
| Least Expensive | $170,000 | |
| 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 |
|---|---|---|---|---|---|---|---|---|
| $3,822,000 | 6,411 | 2.5 - 5 acres | 5 | 6 | NaN | 2 | 1 | 470 |
| $1,900,000 | 4,404 | 1 - 2.5 acres | 5 | 5 | NaN | 2 | 0 | 219 |
| $1,100,000 | 3,030 | 1 - 2.5 acres | 4 | 4 | NaN | 6 | 3 | 146 |
| $674,000 | 1,872 | 0.5 - 1 acre | 3 | 2 | NaN | 7 | 3 | 87 |