Check out the housing market in Telluride, CO 81435 (Sept 15, 2023)
THIS WEEK'S TELLURIDE REAL ESTATE MARKET SENTIMENT! This week the median list price for Telluride, CO 81435 is $8,750,000 with the market action index hovering around 24. This is about the same as last month's market action index of 24. Inventory has held steady at or around 65.
Telluride Real Estate: Market Action Index
This answers “How’s the Market?” by comparing the rate of sales versus inventory.
Slight Buyer's Advantage
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 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.
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
While Telluride 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 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.
Telluride Real Estate: 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 for homes in Telluride, CO as of September 15, 2023?
- The median list price for Telluride, CO 81435 is $8,750,000 as of mid-September 2023. Prices have remained at a plateau for several weeks with little movement expected until there's a persistent upward shift in the Market Action Index.
- Is Telluride currently a buyer's market or seller's market?
- Telluride is currently a buyer's market. The supply of homes listed has started growing relative to demand, and with a Market Action Index of 24, prices could easily resume a downward trend rather than moving higher.
- How much inventory is currently available in Telluride?
- Inventory in Telluride has held steady at approximately 65 listings, consistent with the previous month. This growing supply relative to buyer demand contributes to the current buyer's advantage.
- What indicator should I watch to predict when Telluride prices will change?
- Watch the Market Action Index (MAI) as a leading indicator for price movement in Telluride. Prices are unlikely to shift significantly until there is a persistent upward shift in the MAI from its current level of 24.