Check out the housing market in Telluride, CO 81435 (June 8, 2023)
THIS WEEK'S TELLURIDE REAL ESTATE MARKET SENTIMENT!
This week the median list price for Telluride, CO 81435 is $1,995,000 with the market action index hovering around 28. This is less than last month's market action index of 29. Inventory has increased to 43.
Market Action Index
This answers “How’s the Market?” by comparing the rate of sales versus inventory.
Slight Buyer's Advantage
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.
Median List Price
Prices in this zip code are bouncing around near term trough. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.
Average Days on Market (DOM)
Median Days on Market
Price Per Square Foot
The market plateau is seen across the price and value. The 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.
Properties with Price Decrease
Properties with Price Increase
Relisted
Inventory
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.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
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_8_2023.pdf
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!
Frequently Asked Questions
- What is the median list price in Telluride, CO 81435 as of June 8, 2023?
- The median list price for Telluride, CO 81435 is $1,995,000 as of June 8, 2023. Prices have been at a plateau for several weeks, and the market is currently a buyer's advantage.
- Is the Telluride real estate market favoring buyers or sellers in June 2023?
- The market is currently a buyer's market, as inventory has grown to 43 properties while the market action index has decreased slightly from 29 to 28 month-over-month. This supply-demand shift indicates prices could resume a downward trend.
- What does the Market Action Index tell us about the Telluride market?
- The Market Action Index (MAI) compares the rate of sales versus inventory and is currently at 28. It serves as a leading indicator—prices are unlikely to move significantly until there is a persistent upward shift in the MAI from current levels.
- Has the price per square foot in Telluride changed recently?
- No, the price per square foot has been reasonably stagnant along with the median list price, reflecting the overall market plateau in Telluride. Both metrics are near term troughs with minimal movement.