Check out the housing market in Telluride, CO 81435 (August 24, 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 $8,500,000 with the market action index hovering around 24. This is an increase over last month's market action index of 23. Inventory has decreased to 67.
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
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 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
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: 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!
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August_24_2023_-_Check_out_the_market_in_Telluride_CO_81435_-_Houses_.pdf
Frequently Asked Questions
- What was the median list price for Telluride real estate in August 2023?
- The median list price for Telluride, CO 81435 during the week of August 24, 2023, was $8,500,000. Prices had remained relatively stable at this level for several weeks at that time.
- How much inventory was available in Telluride in late August 2023?
- Inventory had decreased to 67 properties in Telluride, CO 81435 during the week of August 24, 2023.
- What does the Market Action Index tell us about Telluride's real estate market in August 2023?
- The Market Action Index for the week of August 24, 2023, was 24—a slight increase from 23 the previous month. The index compares the rate of sales versus inventory and indicated the Telluride market had shown some evidence of slowing, with prices and inventory levels relatively unchanged in recent weeks.
- What should buyers and sellers watch for as a leading indicator of price changes in Telluride?
- According to the August 2023 market analysis, the Market Action Index serves as a leading indicator for price changes; a persistent shift in this index should be monitored before expecting prices to move from their plateau levels.