Check out the condo market in Telluride, CO 81435 (October 4, 2023)
This week the median list price for Telluride, CO 81435 is $2,150,000 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has increased to 41.
Telluride Real Estate: Market Action Index
This answers “How’s the Market?” by comparing the rate of sales versus inventory.
Slight Seller's Advantage
In the last few weeks the Telluride market has achieved a relative stasis point in terms of sales to inventory. However, Telluride inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Telluride Real Estate: Median List Price
We continue to see prices in Telluride bouncing around this plateau. 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
In the last few weeks the Telluride market has achieved a relative stasis point in terms of sales to inventory. However, Telluride inventory is sufficiently low to keep us in the Telluride Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
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 October 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 condos in Telluride, CO as of October 4, 2023?
- The median list price for Telluride condos in the 81435 zip code is $2,150,000 as of October 4, 2023.
- Is Telluride currently a buyer's or seller's market?
- Telluride is currently a Seller's Market, despite achieving a relative stasis point between sales and inventory in recent weeks. The inventory level remains sufficiently low to maintain this advantage, though the Market Action Index of 35 suggests watching for shifts that could indicate price movement.
- What is the current inventory level in Telluride's condo market?
- As of October 4, 2023, inventory in Telluride has increased to 41 active listings, which is an increase from the previous month.
- Has the Telluride condo market seen price changes recently?
- Prices in Telluride have remained on a plateau with stagnant price per square foot and median list prices. The market is waiting for a persistent uptick in the Market Action Index before prices are likely to move from current levels.