May Market Insights 2025

By Ben Berend Blog, Steamboat Springs Real Estate Market May 8, 2025

The Steamboat real estate market continued to heat up in April with 50 residential sales—up 23% from April 2024 and just slightly down from March. Average sales price climbed to $2.06M, up 27% year-over-year and 10% month-over-month, while 40% of sales closed under $1M. Price per square foot averaged $766. Inventory is building, with 257 active residential listings in Routt County and 200 in Steamboat Springs—bringing months of supply to 5.1, nearing a balanced market. Homes spent a median of 24 days on the market (up from 16 in March), and 28% of April’s sales required a price drop before going under contract, averaging an 8.1% reduction. With 85 new listings and 85 pending sales in April—both up 6.3% year-over-year—the market is active, but strategic pricing and smart positioning remain critical. As a buyer, get ready because the summer inventory is on its way!

See what's on the market

About the Author

Ben Berend, ASSOCIATE BROKER | TEAM LEAD

Born and raised in Steamboat Springs, Ben spent his childhood at Howelsen Hill dreaming of someday competing in the Winter Olympics. He realized that dream by representing the United States in the 2018 Winter Olympics, becoming one of 100 Olympians from Steamboat Springs dating back to 1932.

Ben believes in learning from the best, which is why he returned to Steamboat Springs and joined forces with Cam Boyd – former co-owner of Steamboat Sotheby’s and one of the highest producing agents in the country. Together, Cam and Ben created the Boyd & Berend Group, a team focused on the luxury real estate market in Steamboat Springs. Last year, the Boyd & Berend Group worked with buyers and sellers on 47 transactions totaling over $72m – solidifying them as a market share leader within the Yampa Valley.

Ben’s approach to the business centers around strong communication, building lasting relationships, and bringing a persistant energy to each transaction – which he attributes to his prior career as a professional athlete.

Ben was elected to the Parks and Recreation Commission in 2021, where he continues to serve. He also volunteers as a ski coach at the Winter Sports Club and leads Olympic Heritage Tours for the local Tread of Pioneers Museum. Outside of work, Ben is known for his grand adventures on bikes and skis.