Check out the Housing market in Telluride, CO 81435 (July 13, 2023)
Check out the market in Telluride, CO 81435
This week the median list price for Telluride, CO 81435 is $7,994,500 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 66.
Telluride Real Estate: Market Action Index
This answers “How’s the Market?” by comparing the rate of sales versus inventory.
Slight Buyer's Advantage
The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.
Telluride Real Estate: Median List Price
We continue to see prices in the Telluride area 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 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 more, smaller 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
The Telluride market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.
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 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!
Frequently Asked Questions
- What was the median list price for Telluride, CO in July 2023?
- The median list price for Telluride, CO 81435 in mid-July 2023 was $7,994,500, with prices remaining relatively unchanged compared to the previous month.
- What does the Market Action Index tell us about Telluride's real estate market in July 2023?
- The Market Action Index, which compares the rate of sales versus inventory, was hovering around 24—the same as the previous month—indicating a slight buyer's advantage and some evidence of market slowing.
- How much inventory was available in Telluride in July 2023?
- Inventory in Telluride had increased to 66 active listings as of mid-July 2023, with prices and inventory levels remaining relatively unchanged in recent weeks.
- What trend should I watch to predict future price changes in Telluride real estate?
- The Market Action Index is considered a leading indicator for price changes in the Telluride market; look for a persistent up-shift in this index before expecting prices to move from current levels.