Check out the market in Telluride, CO 81435 

This week the median list price for Telluride, CO 81435 is $2,287,500 with the market action index hovering around 29. This is an increase over last month's market action index of 28. Inventory has held steady at or around 46.

Telluride Real Estate: Market Action Index

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

Slight Buyer's Advantage

Telluride Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Telluride Buyer's market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the Telluride market cools off further, the price trend is likely to reverse.

Telluride Real Estate: Median List Price

The Telluride market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

Telluride Real Estate: Average Days on Market (DOM)

Telluride Real Estate: Median Days on Market

Telluride Real Estate: Price Per Square Foot

In a Telluride market where prices are rising fairly consistently, price per square foot is essentially flat. This often implies that new homes coming on the Telluride market are pricier, and also larger than older homes. As a result the value one can buy stays the same.

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

In terms of supply and demand, the Telluride market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Telluride Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

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 August 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 your full report below:

August_2_2023_-_Check_out_the_market_in_Telluride_CO_81435_-_Condo_.pdf

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