Check out the housing market in Telluride, CO 81435 (June 15, 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 $7,994,500 with the market action index hovering around 24. This is less than last month's market action index of 25. Inventory has held steady at or around 50.
Market Action Index
This answers “How’s the Market?” by comparing the rate of sales versus inventory.
Slight Buyer's Advantage
The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.
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_-_Houses_June_15_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 current median list price in Telluride, CO 81435 as of June 2023?
- The median list price in Telluride, CO 81435 for the week of June 15, 2023 is $7,994,500. Prices have remained relatively flat at this level for several weeks.
- Is Telluride a buyer's market or seller's market right now?
- Telluride is currently showing a slight buyer's advantage. The market action index has declined to 24 from 25 the previous month, and inventory supply is growing relative to demand, suggesting prices could trend downward rather than upward.
- How many homes are currently listed for sale in Telluride, CO 81435?
- Inventory has held steady at around 50 listings. The supply of homes listed has started growing relative to demand, creating favorable conditions for buyers.
- What does the Market Action Index tell us about Telluride's real estate market?
- The Market Action Index compares the rate of sales versus inventory; at 24 this week, it indicates a slight buyer's advantage. It serves as a leading indicator for potential price changes—prices are unlikely to move significantly higher until there is a persistent upward shift in the index.