October Market Update

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STEAMBOAT’S RESIDENTIAL SALES BAROMETER

OCTOBER

As summer turns to fall, the real estate market continues to see increases each month in both price per sq ft —$819/sf , up 10% from last year, and median sales price—$1.29M , with a 29% increase. Median days on the market have been sitting steady at 16 days, up from 14 days last month , and double from this time last year, giving buyers more time to make decisions. There were a total of 432 properties sold , reflecting a slight 2% decline ; however, there are 109 pending listings, a 98% increase since 2023. Sales volume reached $712M, increasing 15% and active listings stand at 247, reflecting a significant 70% increase from this time last year.

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