News on the Steamboat Real Estate Market
>May Real Estate Update
New listings appear to be improving in the Steamboat Real Estate Market but our inventory is still not catching up with healthier market periods. In most cases the April Steamboat Real Estate market has been absorbing properties under $500,000 and, in the case of townhomes all price ranges are selling.
As of May 1st 2015, with 275 new listings year-to-date we are behind the same period of 2014 listings by 10%. Likewise, numbers of year-to-date sold listings are also 13% less than the comparable 2014 figures. However those numbers are a significant improvement over our April statistics.
The average median sold prices year to date are slightly down from the same period of 2014. But in this regard, condominium prices shine with 14% higher prices.
This market is greeting new listings enthusiastically and as we go through the spring season we anticipate needing more inventory for our most active months of June through September. It may be a good time to list.