Check out the housing market in Telluride, CO 81435 (October 4, 2023)
This week the median list price for Telluride, CO 81435 is $8,497,500 with the market action index hovering around 24. This is about the same as last month's market action index of 24. Inventory has decreased to 64.
Telluride Real Estate: Market Action Index
This answers “How’s the Market?” by comparing the rate of sales versus inventory.
Slight Buyer's Advantage
While Telluride prices have been at a plateau for a number of weeks, this is a Telluride Buyer’s market and the supply of Telluride homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Telluride prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.
Telluride Real Estate: Median List Price
Again this week we see prices in Telluride 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 Telluride market plateau is seen across the price and value. The Telluride price per square foot and median list price have both been reasonably stagnant. Watch the Telluride Market Action Index for persistent changes as a leading indicator before the market moves from these levels.
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 Telluride Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that Telluride prices could easily resume a downward trend in conjunction with the MAI. Telluride 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.
Bottomline
Are you looking to invest in Telluride this October 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 is the median list price in Telluride, CO as of October 2023?
- The median list price for Telluride, CO 81435 in early October 2023 is $8,497,500, holding steady from the previous month.
- Is October 2023 a buyer's or seller's market in Telluride?
- October 2023 is a buyer's market in Telluride—inventory has grown relative to demand, and prices are on a plateau, suggesting potential for downward movement if the Market Action Index doesn't shift upward.
- What is the current inventory level in Telluride?
- Telluride's inventory has decreased to 64 properties as of early October 2023, though inventory is growing relative to demand overall.
- What does the Market Action Index tell us about Telluride's market direction?
- The Market Action Index (MAI) remains at 24, unchanged from the prior month, and is the key leading indicator to watch—prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.
- Have Telluride home prices been changing recently?
- Telluride prices have been on a plateau for several weeks, with both median list price and price per square foot remaining stagnant across market segments.