Steamboat Springs Real Estate Market Update - September 2017

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New Listings were down 6.1 percent for single family homes and 5.6 percent for townhouse-condo properties. Pending Sales increased 3.0 percent for single family homes but decreased 7.7 percent for townhouse-condo properties.

The Median Sales Price was up 8.8 percent to $715,000 for single family homes and 21.8 percent to $414,500 for townhouse-condo properties. Days on Market decreased 11.0 percent for single family homes but increased 0.7 percent for condo properties.

Last year at this time, the national storyline was about how high demand was propping up sales and prices despite low inventory and months of supply. That has actually continued to be a familiar refrain for many months in 2017 and now for the past couple of years. But with the likes of Hurricanes Harvey and Irma, different employment outlooks, disparate incomes, varying new construction expectations and potential housing policy shifts, regional differences are becoming more prevalent and pronounced.

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