Check out the condo market in Telluride, CO 81435 (June 8, 2023)
THIS WEEK'S TELLURIDE REAL ESTATE MARKET SENTIMENT!
This week the median list price for Telluride, CO 81435 is $7,996,500 with the market action index hovering around 23. This is less than last month's market action index of 24. Inventory has increased to 52.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.
Median List Price
Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.
Average Days on Market (DOM)
Median Days on Market
Price Per Square Foot
The value placed on homes continues to increase, despite the fact that prices in general have remained basically flat. These conditions can arise when inventory is light and more, smaller homes have more influence on overall prices.
Properties with Price Decrease
Properties with Price Increase
Relisted
Inventory
Market Action Index
While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
Download our free Telluride Market Report by clicking here or on the photo below and get up-to-date information on current trends and projections!
Check_out_the_market_in_Telluride_CO_81435_-_Condo_June_8_2023.pdf
Bottomline
Are you looking to invest in Telluride this June 2023? Be sure to check with Anne-Britt of Mountain Rose Realty. With her expertise and knowledge about the local market, she can help you find the perfect property for your needs - whether it’s a vacation home or an investment that will increase in value long term! Don't wait any longer; contact Anne-Britt today and get started on finding your dream home in beautiful Telluride, Colorado.
Frequently Asked Questions
- What is the median list price for condos in Telluride, CO as of June 2023?
- As of June 8, 2023, the median list price for Telluride, CO 81435 is $7,996,500. This price has remained relatively flat for several weeks.
- Is it a buyer's or seller's market in Telluride right now?
- It's currently a slight buyer's market. Inventory has increased to 52 properties, and the Market Action Index of 23 indicates that supply is growing relative to demand, which could lead to downward price pressure.
- What does the Market Action Index tell us about Telluride's real estate conditions?
- The Market Action Index compares the rate of sales versus inventory. Telluride's MAI of 23 (down from 24 last month) suggests prices are unlikely to move significantly higher unless there's a persistent upward shift in the index.
- Is the price per square foot in Telluride increasing or decreasing?
- The value placed on homes continues to increase despite flat overall prices, likely because lighter inventory and more smaller homes are influencing the average price per square foot upward.