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 ListingsSales in Past 12 Mos.Absorption Rate
Total3003929 months
Under $500K561485 months
$500K – $1M751546 months
$1M – $3M1138217 months
Over $3M5687 years

CONDOS & TOWNHOMES

Current ListingsSales in Past 12 Mos.Absorption Rate
Total1915324 months
Under $500K903533 months
$500K – $1M631515 months
$1M – $3M302713 months
Over $3M818 years

LAND

Current ListingsSales in Past 12 Mos.Absorption Rate
Total5022332+ years
Under $500K36520621 months
$500K – $1M74174+ years
$1M – $3M4776+ years
Over $3M1635+ years

 

STEAMBOAT SPRINGS

SINGLE FAMILY HOMES

Current ListingsSales in Past 12 Mos.Absorption Rate
Total1081947 months
Under $500K7333 months
$500K – $1M351044 months
$1M – $3M475311 months
Over $3M1944.5+ years

CONDOS & TOWNHOMES

Current ListingsSales in Past 12 Mos.Absorption Rate
Total1685024 months
Under $500K713253 months
$500K – $1M611505 months
$1M – $3M282613 months

LAND

Current ListingsSales in Past 12 Mos.Absorption Rate
Total1008414 months
Under $500K46698 months
$500K – $1M28112.5 years
$1M – $3M14114 years
Over $3M1234 years

 

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