Steamboat Springs Real Estate Update
Here are our Top 5 Things to know about the Steamboat Springs Real Estate marketing so far this year:
1. September as a month was up almost 37% overall volume wise vs September 2015 and up 12.99% over the first 3 quarters this year.
2. Sales in units were also strong, up 35% for September and 7.2% over the first 3 quarters.
3. Home and condo sales have been exceeding new listings for several weeks now. In some parts of the market prices are not yet moving higher as excess inventory is consumed but prices are increasing where inventory is tight.
As this trend continues, we we are starting to see a Sellers Market in many segments. With this, we are likely to see upward pressure on pricing.
4. Average Price