Check out the house market in Telluride, CO 81435 (September 26, 2023)
This week the median list price for Telluride, CO 81435 is $8,500,000 with the market action index hovering around 23. This is less than last month's market action index of 25. Inventory has decreased to 65.
Telluride Real Estate: Market Action Index
This answers “How’s the Market?” by comparing the rate of sales versus inventory.
Slight Seller's Advantage
While Telluride prices have been at a plateau for a number of weeks, this is a Telluride Buyer’s market and the supply of Telluride homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Telluride prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.
Telluride Real Estate: Median List Price
Again this week we see prices in Telluride 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.
Telluride Real Estate: Average Days on Market (DOM)
Telluride Real Estate: Median Days on Market
Telluride Real Estate: Price Per Square Foot
The Telluride market plateau is seen across the price and value. The Telluride price per square foot and median list price have both been reasonably stagnant. Watch the Telluride Market Action Index for persistent changes as a leading indicator before the market moves from these levels.
Telluride Real Estate: Properties with Price Decrease
Telluride Real Estate: Properties with Price Increase
Telluride Real Estate: Relisted
Telluride Real Estate: Inventory
Telluride Real Estate: Market Action Index
While prices have been at a plateau for a number of weeks, this is a Telluride Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that Telluride prices could easily resume a downward trend in conjunction with the MAI. Telluride prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.
Telluride Real Estate: Market Segments
Each segment below represents approximately 25% of the market ordered by price.
Bottomline
Are you looking to invest in Telluride this September 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!
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Frequently Asked Questions
- What is the median list price in Telluride, CO as of September 26, 2023?
- The median list price in Telluride, CO 81435 for the week of September 26, 2023 is $8,500,000. Prices have remained at this plateau level for several weeks.
- Is Telluride a buyer's market or seller's market right now?
- As of late September 2023, Telluride is a buyer's market. Inventory has grown relative to demand, suggesting prices could resume a downward trend, and the market action index would need a persistent upward shift before prices move significantly higher.
- What is the market action index for Telluride and what does it mean?
- The market action index (MAI) for Telluride this week is 23, down from 25 the previous month. The MAI compares the rate of sales versus inventory and acts as a leading indicator—watch for persistent upward shifts in this metric before expecting prices to move from current levels.
- How much inventory is currently available in Telluride?
- Current inventory in Telluride has decreased to 65 active listings as of September 26, 2023, though supply is still growing relative to demand in this buyer's market.