Check out the condo market in Telluride, CO 81435 (September 5, 2023)
This week the median list price for Telluride, CO 81435 is $2,097,500 with the market action index hovering around 35. This is an increase over last month's market action index of 31. Inventory has decreased to 38.
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 Telluride price per square foot and median list price have both been reasonably stagnant. Watch the 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 Septemeber 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!
Download your full report here!
September_5_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 condos on September 5, 2023 is $2,097,500, representing a market plateau that has remained relatively stable in recent weeks.
- Is Telluride currently a buyer's or seller's market?
- As of early September 2023, Telluride is a seller's market—home sales are outstripping inventory, and the Market Action Index has been moving higher for several weeks, suggesting potential upward pricing pressure ahead.
- How much inventory is available in the Telluride condo market right now?
- Current inventory in Telluride has decreased to 38 listings as of September 5, 2023, contributing to the tight market conditions favoring sellers.
- What does the Market Action Index tell us about the Telluride real estate market?
- The Market Action Index compares the rate of sales versus inventory; Telluride's index rose to 35 in early September from 31 the previous month, indicating accelerating sales activity and a strengthening seller's advantage.