What is the median list price in Telluride as of August 2, 2023?

The median list price in Telluride, CO 81435 for the week of August 2, 2023 is $7,985,000. Prices have remained relatively stable on a plateau, though the market action index will be a key indicator if that changes.

Is Telluride currently a buyer's market or seller's market?

As of August 2023, Telluride is showing a slight buyer's advantage. The market action index has been trending lower for several weeks, and home sales are beginning to exceed new inventory, though excess inventory is still being consumed.

How much inventory is currently available in Telluride?

Telluride's inventory has increased to 70 properties as of early August 2023. The market action index (23) is lower than the previous month (24), indicating a shift toward more inventory relative to demand.

What should I watch to know when Telluride prices might shift?

The market action index is the leading indicator to watch—it compares the rate of sales versus inventory. A persistent upshift in the market action index would suggest prices are likely to move from their current plateau level.

Check out the housing market in Telluride, CO 81435 (August 2, 2023)

By Anne-Britt OstlundAugust 2, 20233 min read

Real Estate Market Updates

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 $7,985,000 with the market action index hovering around 23. This is less than last month's market action index of 24. Inventory has increased to 70.

Telluride Real Estate: Market Action Index

This answers “How’s the Market?” by comparing the rate of sales versus inventory.

Check out the housing market in Telluride, CO 81435 (August 2, 2023) — photo 1

Slight Buyer's Advantage

The Telluride Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If Telluride inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Telluride Real Estate: Median List Price

Check out the housing market in Telluride, CO 81435 (August 2, 2023) — photo 2

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)

Check out the housing market in Telluride, CO 81435 (August 2, 2023) — photo 3

Telluride Real Estate: Median Days on Market

Check out the housing market in Telluride, CO 81435 (August 2, 2023) — photo 4

Telluride Real Estate: Price Per Square Foot

Check out the housing market in Telluride, CO 81435 (August 2, 2023) — photo 5

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

Check out the housing market in Telluride, CO 81435 (August 2, 2023) — photo 6

Telluride Real Estate: Properties with Price Increase

Check out the housing market in Telluride, CO 81435 (August 2, 2023) — photo 7

Telluride Real Estate: Relisted

Check out the housing market in Telluride, CO 81435 (August 2, 2023) — photo 8

Telluride Real Estate: Inventory

Check out the housing market in Telluride, CO 81435 (August 2, 2023) — photo 9

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

Check out the housing market in Telluride, CO 81435 (August 2, 2023) — photo 10

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.

Check out the housing market in Telluride, CO 81435 (August 2, 2023) — photo 11

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_2_2023_-_Check_out_the_market_in_Telluride_CO_81435_-_Houses_.pdf

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Frequently Asked Questions

What is the median list price in Telluride as of August 2, 2023?: The median list price in Telluride, CO 81435 for the week of August 2, 2023 is $7,985,000. Prices have remained relatively stable on a plateau, though the market action index will be a key indicator if that changes.
Is Telluride currently a buyer's market or seller's market?: As of August 2023, Telluride is showing a slight buyer's advantage. The market action index has been trending lower for several weeks, and home sales are beginning to exceed new inventory, though excess inventory is still being consumed.
How much inventory is currently available in Telluride?: Telluride's inventory has increased to 70 properties as of early August 2023. The market action index (23) is lower than the previous month (24), indicating a shift toward more inventory relative to demand.
What should I watch to know when Telluride prices might shift?: The market action index is the leading indicator to watch—it compares the rate of sales versus inventory. A persistent upshift in the market action index would suggest prices are likely to move from their current plateau level.