What was the median list price for Telluride real estate in late July 2023?

The median list price for Telluride, CO 81435 was $7,975,000 during the week of July 26, 2023.

Was Telluride a buyer's market or seller's market in July 2023?

Telluride was showing a slight buyer's advantage in July 2023, as home sales had begun exceeding new inventory, creating favorable conditions for buyers while prices remained relatively flat.

How much inventory was available in Telluride during late July 2023?

Inventory in Telluride had increased to 69 properties as of the week of July 26, 2023, remaining relatively unchanged from the previous month.

What does the Market Action Index measure in Telluride's real estate market?

The Market Action Index compares the rate of sales versus inventory levels and serves as a leading indicator for potential price changes in the Telluride market.

Check out the housing market in Telluride, CO 81435 (July 26, 2023)

By Anne-Britt OstlundJuly 25, 20233 min read

Real Estate Market Updates

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 $7,975,000 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 69.

Telluride Real Estate: Market Action Index

This answers “How’s the Market?” by comparing the rate of sales versus inventory.

Check out the housing market in Telluride, CO 81435 (July 26, 2023) — photo 1

Slight Buyer's Advantage

The Telluride market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Telluride Market Action Index for changes as it can be a leading indicator for price changes.

Telluride Real Estate: Median List Price

Check out the housing market in Telluride, CO 81435 (July 26, 2023) — photo 2

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)

Check out the housing market in Telluride, CO 81435 (July 26, 2023) — photo 3

Telluride Real Estate: Median Days on Market

Check out the housing market in Telluride, CO 81435 (July 26, 2023) — photo 4

Telluride Real Estate: Price Per Square Foot

Check out the housing market in Telluride, CO 81435 (July 26, 2023) — photo 5

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

Check out the housing market in Telluride, CO 81435 (July 26, 2023) — photo 6

Telluride Real Estate: Properties with Price Increase

Check out the housing market in Telluride, CO 81435 (July 26, 2023) — photo 7

Telluride Real Estate: Relisted

Check out the housing market in Telluride, CO 81435 (July 26, 2023) — photo 8

Telluride Real Estate: Inventory

Check out the housing market in Telluride, CO 81435 (July 26, 2023) — photo 9

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 Action Index

Check out the housing market in Telluride, CO 81435 (July 26, 2023) — photo 10

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.

Check out the housing market in Telluride, CO 81435 (July 26, 2023) — photo 11

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!

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Frequently Asked Questions

What was the median list price for Telluride real estate in late July 2023?: The median list price for Telluride, CO 81435 was $7,975,000 during the week of July 26, 2023.
Was Telluride a buyer's market or seller's market in July 2023?: Telluride was showing a slight buyer's advantage in July 2023, as home sales had begun exceeding new inventory, creating favorable conditions for buyers while prices remained relatively flat.
How much inventory was available in Telluride during late July 2023?: Inventory in Telluride had increased to 69 properties as of the week of July 26, 2023, remaining relatively unchanged from the previous month.
What does the Market Action Index measure in Telluride's real estate market?: The Market Action Index compares the rate of sales versus inventory levels and serves as a leading indicator for potential price changes in the Telluride market.