Check out the housing market in Telluride, CO 81435 (Sept 5, 2023)
THIS WEEK'S TELLURIDE REAL ESTATE MARKET SENTIMENT! This week the median list price for Telluride, CO 81435 is $8,625,000 with the market action index hovering around 25. This is an increase over last month's market action index of 24. Inventory has held steady at or around 66.
Telluride Real Estate: Market Action Index
This answers “How’s the Market?” by comparing the rate of sales versus inventory.
Slight Buyer's Advantage
Telluride Home sales have begun exceeding new inventory. This is a 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 Seller’s zone, we may see upward pressure on pricing on Telluride Homes.
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
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 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 was the median list price in Telluride, CO as of September 5, 2023?
- The median list price for Telluride, CO 81435 on September 5, 2023, was $8,625,000, with prices remaining relatively stable over several weeks at that level.
- Is Telluride a buyer's or seller's market in September 2023?
- As of early September 2023, Telluride is a slight buyer's market—home sales have begun exceeding new inventory, which means prices are not yet moving higher as excess inventory is consumed. If inventory continues to tighten, the market may shift toward a seller's advantage.
- How much inventory was available in Telluride in early September 2023?
- Telluride inventory held steady at approximately 66 properties as of September 5, 2023, showing stable supply levels from the previous month.
- 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; in early September 2023 it was 25, up slightly from 24 the previous month, indicating modest activity changes that Anne-Britt recommends watching as a leading indicator before prices shift from current levels.