March 16, 2023 archive. This article discussed national buyer-tour activity after the 2022 market slowdown. It does not establish current demand, mortgage rates, inventory, sales or pricing in Telluride or any other local market.
The original ShowingTime Monthly Index graphic labels January 2023 at 191 and December 2022 at 118, a month-to-month increase of about 62%. It also labels the January 2023 level as the largest jump for any January in the series shown. The chart is a measure of showings of available homes, not signed contracts, closings, buyer count, property value or a forecast of later sales.
The January 2023 level was also higher than any month since May 2022 in the retained series. The graphic shows a seasonal pattern before and after the pandemic period. A January increase can be useful context when reviewing a dated national series, but it does not prove why individual households toured, whether they could finance a purchase, or whether a particular seller would receive an offer.
The article quoted U.S. News on demand and inventory and quoted ShowingTime+ executive Michael Lane on the unusual January change. It also reported that mortgage rates had been in the low-6% range during January. Those are statements made in the early-2023 discussion, not current rate quotes or a promise that easing rates will produce a sale.
Showings can be one early signal among listing supply, price, property condition, financing and local buyer needs. They are not evidence that a home is correctly priced or that an asking price will be achieved.
For a current Telluride or Mountain Village sale, compare recent closed sales, active competition, days on market, condition, access, HOA obligations and realistic financing conditions. A historic national showing index cannot replace an address-specific pricing and marketing plan.
For comparable sales and current competing-listing questions, contact Mountain Rose Realty.