MARKET UPDATE
STEAMBOAT’S RESIDENTIAL SALES BAROMETER
The real estate market remains strong as we head into mud season, with Price/SF at $897 (+13%) and a Median Sales Price of $1.36M (+24%), showing continued growth. Median Days on Market dropped to 30 (-21%), while Listings Sold 98 (+7%) and Pending Listings 108 (+29%) signal strong demand Active Listings surged to 239 (+112%), increasing inventory. Looking ahead, conditions remain dynamic. A stock market dip may prompt Fed rate cuts, boosting affordability, while a rally could raise mortgage rates, slowing sales. Watch interest rates, inventory, and buyer confidence —opportunities could lie ahead.