Check out the housing market in Telluride, CO 81435 (June 20, 2023)
THIS WEEK'S TELLURIDE REAL ESTATE MARKET SENTIMENT! 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 52.
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
Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, 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 remained basically flat. 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
While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.
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 June 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_June_20_2023.pdf
Frequently Asked Questions
- What was the median list price in Telluride, CO in June 2023?
- The median list price for Telluride, CO 81435 in mid-June 2023 was $7,994,500, and prices remained relatively stable compared to the previous month.
- What does the Market Action Index tell us about Telluride's real estate market in June 2023?
- The Market Action Index (MAI) was 24 in June 2023, unchanged from the prior month, indicating a slight buyer's advantage. The MAI compares the rate of sales versus inventory and serves as a leading indicator for potential price changes.
- How much inventory was available in Telluride in June 2023?
- Inventory in Telluride had increased to 52 active listings as of mid-June 2023, showing growth relative to demand and contributing to buyer-favorable conditions.
- Were home prices rising or falling in Telluride in June 2023?
- Prices remained at a plateau with minimal movement in June 2023, though the median price per square foot was increasing despite flat overall prices, likely due to lighter inventory and more smaller homes influencing the market mix.
- What market conditions favored buyers in Telluride during June 2023?
- Buyers had an advantage because inventory was growing relative to demand and prices had stalled, creating conditions that could lead to downward price pressure unless the Market Action Index shifted upward persistently.