What is the median list price for homes in Telluride, Colorado as of February 2024?

As of February 2, 2024, the median list price for homes in Telluride, CO 81435 is $8,750,000. New listings are averaging $10,750,000, reflecting the luxury segment of the market.

Is Telluride currently a buyer's market or seller's market?

Telluride is currently experiencing a Slight Buyer's Advantage. Home prices have plateaued while inventory has grown relative to demand, which may support modest downward price pressure unless the Market Action Index shifts upward.

How long do homes typically sit on the market in Telluride?

The average days on market in Telluride is 242 days, with a median of 193 days. This reflects the luxury segment's longer marketing cycle compared to national averages.

What percentage of Telluride listings have decreased in price recently?

Recently, 29% of listings in Telluride have experienced price decreases, while only 3% have seen price increases, demonstrating the current softening trend in the market.

What is the current inventory level in Telluride?

As of early February 2024, there are 62 homes listed for sale in Telluride, contributing to the buyer-friendly conditions in the market.

Unveiling the Telluride Real Estate Landscape: A Weekly Market Update with Mountain Rose Realty

By Anne-Britt OstlundFebruary 2, 20242 min read

Real Estate Market Updates

Welcome to the Telluride Housing Weekly Sentiment, your go-to source for the latest insights into the vibrant real estate market of Telluride, Colorado. In this week's edition, we delve into the current state of Telluride's real estate landscape, exploring key metrics and trends that define the housing market in the picturesque 81435 area.

Market Overview
As of February 2, 2024, the median list price for homes in Telluride, CO 81435 stands at an impressive $8,750,000. The market action index (MAI) hovers around 25, indicating a relatively stable market condition. This figure mirrors last month's MAI, suggesting a consistent trend in the market.

Slight Buyer's Advantage
Currently, Telluride is experiencing a Slight Buyer's Advantage. While home prices have maintained a plateau in recent weeks, the supply of listed homes has grown relative to demand. This shift signals a potential for prices to resume a downward trend, aligning with the MAI. Significant upward movement in prices is not anticipated until there is a persistent upward shift in the MAI.

Key Metrics Breakdown:

Median List Price: $8,750,000
Median Price of New Listings: $10,750,000
Price per Square Foot: $1,589
Average Days on Market: 242
Median Days on Market: 193
Price Decreased: 29%
Price Increased: 3%
Relisted: 2%
Inventory: 62
Median Rent: $20,000
Market Action: 25

The Telluride Real Estate Experts
Navigating the Telluride real estate market requires expertise and insight. This is where Mountain Rose Realty, led by the knowledgeable Anne-Britt Ostlund, comes into play. With a keen understanding of the local market dynamics, Mountain Rose Realty is your trusted partner in finding the perfect property in Telluride.

Explore Telluride Homes for Sale
For those in search of their dream home in Telluride, Mountain Rose Realty offers an extensive portfolio of homes for sale. Whether you're looking for a cozy mountain retreat or a luxurious estate, Anne-Britt Ostlund and her team are dedicated to helping you find the perfect property that aligns with your lifestyle and preferences.

Conclusion
As we navigate through the Telluride real estate landscape, it's evident that the market is currently favoring buyers. With Mountain Rose Realty at your side, your journey to finding the ideal Telluride home becomes a seamless and rewarding experience. Stay tuned for our weekly updates, keeping you informed on the latest trends and opportunities in the Telluride housing market.

Frequently Asked Questions

What is the median list price for homes in Telluride, Colorado as of February 2024?: As of February 2, 2024, the median list price for homes in Telluride, CO 81435 is $8,750,000. New listings are averaging $10,750,000, reflecting the luxury segment of the market.
Is Telluride currently a buyer's market or seller's market?: Telluride is currently experiencing a Slight Buyer's Advantage. Home prices have plateaued while inventory has grown relative to demand, which may support modest downward price pressure unless the Market Action Index shifts upward.
How long do homes typically sit on the market in Telluride?: The average days on market in Telluride is 242 days, with a median of 193 days. This reflects the luxury segment's longer marketing cycle compared to national averages.
What percentage of Telluride listings have decreased in price recently?: Recently, 29% of listings in Telluride have experienced price decreases, while only 3% have seen price increases, demonstrating the current softening trend in the market.
What is the current inventory level in Telluride?: As of early February 2024, there are 62 homes listed for sale in Telluride, contributing to the buyer-friendly conditions in the market.