Overall, the real estate market in June 2023 showed a decline in the number of listings sold and pending listings, potentially indicating a slowdown in buyer activity. However, the median sales price witnessed a modest increase. This 3% appreciation in property values is more in line with a “normalized” market. The median days on the market has risen significantly to 19 days on the market, which has helped inventory grow compared to last year. This increase in inventory will potentially give buyers more choices moving forwards.
Want to chat more about the Steamboat Springs real estate market? Contact real estate professional Ben Berend or Cam Boyd at 970.846.8100