Steamboat Absorption Rate

INVENTORY ANALYSIS

When analyzing the real estate market, one of the factors that need to be taken into
consideration is the absorption rate.
Absorption rate is the number of months it would take to sell
the currently listed properties in the market and it is used to
attempt to predict home prices and sales activity going
forward.
The absorption rate noted on these charts shows how many months it would take for the all
of the currently listed properties in that category to sell, based on the sales activity over the
past year.

ROUTT COUNTY (incl. Steamboat Springs)

SINGLE FAMILY HOMES

Current Listings Sales in Past 12 Mos. Absorption Rate
Total 300 392 9 months
Under $500K 56 148 5 months
$500K – $1M 75 154 6 months
$1M – $3M 113 82 17 months
Over $3M 56 8 7 years

CONDOS & TOWNHOMES

Current Listings Sales in Past 12 Mos. Absorption Rate
Total 191 532 4 months
Under $500K 90 353 3 months
$500K – $1M 63 151 5 months
$1M – $3M 30 27 13 months
Over $3M 8 1 8 years

LAND

Current Listings Sales in Past 12 Mos. Absorption Rate
Total 502 233 2+ years
Under $500K 365 206 21 months
$500K – $1M 74 17 4+ years
$1M – $3M 47 7 6+ years
Over $3M 16 3 5+ years

 

STEAMBOAT SPRINGS

SINGLE FAMILY HOMES

Current Listings Sales in Past 12 Mos. Absorption Rate
Total 108 194 7 months
Under $500K 7 33 3 months
$500K – $1M 35 104 4 months
$1M – $3M 47 53 11 months
Over $3M 19 4 4.5+ years

CONDOS & TOWNHOMES

Current Listings Sales in Past 12 Mos. Absorption Rate
Total 168 502 4 months
Under $500K 71 325 3 months
$500K – $1M 61 150 5 months
$1M – $3M 28 26 13 months

LAND

Current Listings Sales in Past 12 Mos. Absorption Rate
Total 100 84 14 months
Under $500K 46 69 8 months
$500K – $1M 28 11 2.5 years
$1M – $3M 14 1 14 years
Over $3M 12 3 4 years

 

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