December 2024 Market Update

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STEAMBOAT’S

As we approach the end of 2024, we're seeing continued stabilization in the market overall. Both price per sq ft and median sales price are beginning to level off , though they remain 7% and 22% higher, respectively, than at this time last year. Over the past few months, we've observed a slight decrease in these numbers, indicating a market balancing . The number of listings sold has remained consistent with last year, while total sales volume is up by 14%. Active residential listings have increased by 76%, but we are still dealing with relatively low inventory compared to last year, when inventory was critically low.

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