Check out the housing market in Telluride, CO 81435 (August 16, 2023)
Check out the market in Telluride, CO 81435
THIS WEEK'S TELLURIDE REAL ESTATE MARKET SENTIMENT! This week the median list price for Telluride, CO 81435 is $7,995,000 with the market action index hovering around 24. This is about the same as last month's market action index of 24. 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.
The Telluride market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Telluride Market Action Index for changes as it can be a leading indicator for price changes.
Telluride Real Estate: Median List Price
We continue to see prices in Telluride bouncing around this plateau. 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 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 home sales have begun exceeding new inventory. This is a Telluride buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Telluride seller’s zone, we may see upward pressure on pricing.
Telluride Real Estate: Market Action Index
The Telluride Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
Telluride Real Estate: Market Segments
Each segment below represents approximately 25% of the market ordered by price.
Telluride Real Estate: Bottomline
Are you looking to invest in Telluride this August 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!
Download your full report below:
August_16_2023_-_Check_out_the_market_in_Telluride_CO_81435_-_Houses_.pdf
Thank you for joining us at Mountain Rose Realty, your go-to destination for all things real estate. If you're on the hunt for your dream home or looking to sell your property for the best value, our dedicated team, led by the esteemed Anne-Britt, is here to guide you every step of the way. With years of experience and a profound understanding of the market, we are committed to providing you with top-notch service and ensuring your real estate journey is smooth and successful. Contact Mountain Rose Realty today to embark on an exciting and rewarding real estate adventure. Your dream home awaits!
Frequently Asked Questions
- What was the median list price in Telluride, CO as of August 16, 2023?
- The median list price in Telluride, CO 81435 for the week of August 16, 2023 was $7,995,000.
- What does the Market Action Index tell us about Telluride's real estate market in August 2023?
- The Market Action Index for August 16, 2023 was 24, unchanged from the previous month, and has been trending lower for several weeks while prices remained stable. This index compares the rate of sales versus inventory and can serve as a leading indicator for future price changes.
- Is Telluride currently a buyer's or seller's market as of August 2023?
- As of August 2023, Telluride is a buyer's market, as home sales have begun exceeding new inventory. Prices are not yet moving higher as excess inventory is consumed, though if the tightening continues, the market could shift toward a seller's advantage with upward pressure on pricing.
- How has Telluride's inventory changed according to the August 16, 2023 market report?
- Inventory in Telluride has decreased to 65 properties as of August 16, 2023, and the report indicates that home sales have begun exceeding new inventory.