Check out the condo market in Telluride, CO 81435 (September 26, 2023)
THIS WEEK'S TELLURIDE REAL ESTATE MARKET SENTIMENT! 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 35. Inventory has held steady at or around 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
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
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
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.
Telluride Real Estate: 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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September_26_2023_-_Check_out_the_market_in_Telluride_CO_81435_-_Condo.pdf
Frequently Asked Questions
- What is the median list price for condos in Telluride, CO as of September 2023?
- The median list price for Telluride, CO 81435 as of September 26, 2023, is $2,225,000. This price point represents a plateau the market has been hovering around for several weeks.
- 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, which suggests upward pricing pressure may be coming if the trend persists.
- How many homes are currently on the market in Telluride?
- Inventory in Telluride has held steady at or around 41 properties as of late September 2023.
- What does the Market Action Index tell us about Telluride's real estate market?
- The Market Action Index compares the rate of sales versus inventory; Telluride's index was at 36 in late September 2023, up from 35 the previous month. This rising trend signals a seller's advantage and is watched as a leading indicator before prices shift from current levels.