July 19th, 2010

Posted On July 19, 2010

Filed under Uncategorized

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My last Steamboat Springs Real Estate Market Report, available at www.SkiTownRealty.net, was about two months ago and showed the steadily improving market.

Since that time inventory has consistently increased and the under contract properties have decreased. There are currently about 745 condos and houses on the market in Steamboat. There are currently 33 under contract (pending); which is about 4%. The last time there was such little buying interest and this much supply was about 12 months ago.

The market has slipped the past two months into dangerous territory again, our recovery may be stagnating and take longer than anticipated. Stay tuned for the next market update at www.SkiTownRealty.net.

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