The June 2024 report recorded May results of ten single-family sales against 75 properties in inventory and eight attached sales against 51. The attached $2,500,000–$2,999,999 band showed three sales against two properties, a reported 150% ratio that the report says can occur when prior-month sales exceed current inventory.
Read the original June 2024 Luxury Market Report. In this 22-page edition, Telluride single-family tables appear on pages 18–19 and attached tables on pages 20–21.
The report identified a $1,500,000 luxury benchmark, 75 properties in inventory and ten sales, a 13% balanced-market sales ratio. It reported a 93.19% median sale-to-list ratio, a $5,192,500 median sale price, and 157 median days on market, up from 118 in May 2023. The $4,000,000–$4,749,999 band had one sale against one property in inventory, a 100% ratio.
The separate attached table used a $500,000 luxury benchmark and reported 51 properties in inventory and eight sales, a 16% balanced-market sales ratio. It reported a 94.08% median sale-to-list ratio, a $2,752,500 median sale price, and 94 median days on market, down from 125 in May 2023. The $2,500,000–$2,999,999 band had three sales against two properties in inventory, a 150% ratio; the report’s definition permits a ratio above 100% when prior-month sales exceed current inventory.
The report’s 2024 thresholds defined a buyer's market below 12%, balanced from 12% to below 21%, and seller's at 21% or above. Its sales ratio compares sales with inventory; it does not count prospective buyers or determine an individual transaction. The report includes active and sold properties and excludes pending properties; its square-foot table omits records without disclosed square footage.
For a current comparison, use recent closed sales, active competition, property condition and location. Browse current properties or contact Mountain Rose Realty.