True 'steam' (i.e. water in gaseous form) is invisible. What most people think of as 'steam' is actually water vapour (i.e. droplets of water suspended in air).
If you look at the spout of a kettle full of boiling water you'll see that the gas immediately above the spout is clear. It's only a bit further out that it condenses to water vapour as it cools.
Similarly, the surface of your liquid in the pan has clear steam above it (although you'll probably see water vapour further away, where its cooler, such as the mist on your windows). Once you turn the heat off the remaining (invisible) steam quickly condenses to (visible) water vapour.