Check out the condo market in Telluride, CO 81435 (Sept 15, 2023)
Check out the market in Telluride, CO 81435
This week the median list price for Telluride, CO 81435 is $2,225,000 with the market action index hovering around 36. This is an increase over last month's market action index of 32. Inventory has decreased to 37.
Telluride Real Estate: Market Action Index
This answers “How’s the Market?” by comparing the rate of sales versus inventory.
Slight Seller's Advantage
Telluride home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Telluride Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Telluride Real Estate: Median List Price
Telluride home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Telluride seller’s market so watch for upward pricing pressure in the near future if the trend continues.
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 Telluride 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 continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Telluride seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Telluride Real Estate: Market Segments
Each segment below represents approximately 25% of the market ordered by price.
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 is the median list price for condos in Telluride, CO as of September 15, 2023?
- The median list price for Telluride, CO 81435 is $2,225,000 as of mid-September 2023. This represents a relatively stable market plateau in pricing compared to recent months.
- Is Telluride a buyer's or seller's market right now?
- Telluride is currently a seller's market. Home sales continue to outstrip supply, and the Market Action Index has been moving higher for several weeks, suggesting upward pricing pressure may follow if the trend continues.
- How much inventory is available in Telluride, CO right now?
- Telluride inventory has decreased to 37 active listings as of September 15, 2023, down from the previous month. This low supply relative to demand is a key driver of the current seller's advantage.
- What is the Market Action Index for Telluride, and what does it mean?
- The Market Action Index for Telluride is 36 as of mid-September 2023, up from 32 the previous month. This index compares the rate of sales versus inventory; a rising index indicates a stronger seller's market with homes selling faster relative to available supply.