The Steamboat real estate market now has 8.2 months of supply and 200 active listings. Most of the inventory is in the $3M – $5M range, yet only one sale occurred between $ 3M and $ 5M last month. Sellers are adjusting, with 22% of listings seeing price reductions, averaging 5.3% per reduction. With more inventory and price shifts, buyers have increased leverage and options. Sellers need thoughtful marketing and pricing plans to stand out!
See what’s on the market