Check out the house market in Telluride, CO 81435 (July 4, 2023)
Check out the market in Telluride, CO 81435
THIS WEEK'S TELLURIDE REAL ESTATE MARKET SENTIMENT! This week the median list price for Telluride, CO 81435 is $7,984,500 with the market action index hovering around 24. This is about the same as last month's market action index of 24. Inventory has increased to 58.
Telluride Real Estate: Market Action Index
This answers “How’s the Market?” by comparing the rate of sales versus inventory.
Slight Buyer's Advantage
Telluride home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the Telluride market moves into the Seller’s zone, we may see upward pressure on pricing.
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 value placed on Telluride homes continues to increase, despite the fact that prices in general have been basically flat recently. These conditions can arise when inventory is light and smaller Telluride homes have more influence on overall prices.
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 have begun exceeding new inventory. This is a Telluride buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Telluride seller’s zone, we may see upward pressure on pricing.
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 July 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 our free Telluride Market Report by clicking here or on the photo below and get up-to-date information on current trends and projections!
Check_out_the_market_in_Telluride_CO_81435_-_Houses_July_4_2023.pdf
Frequently Asked Questions
- What was the median list price for homes in Telluride, CO in early July 2023?
- The median list price for Telluride, CO 81435 in early July 2023 was $7,984,500, remaining relatively flat compared to the previous month.
- Was Telluride a buyer's market or seller's market in July 2023?
- Telluride was a buyer's market in July 2023, as home sales had begun exceeding new inventory, meaning prices were not yet moving higher as the excess inventory was being consumed.
- What was the inventory level in Telluride during the first week of July 2023?
- Inventory in Telluride had increased to 58 properties, with a market action index of 24, which remained steady compared to the previous month.
- What conditions might cause prices to rise in Telluride according to this market update?
- Prices may experience upward pressure if the market tightens further and moves from a buyer's advantage into a seller's zone, as indicated by a sustained increase in the Market Action Index.