Steamboat Springs Absorption Rate Shows Rebound.
The absorption rate for Steamboat Springs Real Estate is showing the rebound is happening. The absorption rate is a strong indicator of the health of the real estate market. I high absorption rate says people are buying real estate. It’s usually shown by the amount of months of inventory.
A healthy real estate market is 5-7 months worth of inventory that’s on the market. 16 months ago we were at 18 months worth of the real estate inventory. Today, for single family homes we are at 8 months worth of real estate inventory in Steamboat.
So the real estate economy in Steamboat Springs, Colorado is well into a strong rebound which is encouraging news for real estate in Steamboat Springs and the areas of Fish Creek, Old Town, and the Mountain area.
Video on the Absorption rate in Steamboat Springs, Colorado for April 2012.