THIS WEEK'S TELLURIDE REAL ESTATE MARKET SENTIMENT! This week the median list price for Telluride, CO 81435 is $1,985,000 with the market action index hovering around 28. This is less than last month's market action index of 29. Inventory has increased to 48. 

Market Action Index

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

Slight Buyer's Advantage

In terms of supply and demand, the 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 Buyer’s market, this price trend may be a result of improved quality (newer, larger) 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.

Median List Price

The 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.

Average Days on Market (DOM)

Median Days on Market

Price Per Square Foot

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

Properties with Price Decrease

Properties with Price Increase

Relisted

Inventory

Market Action Index

In terms of supply and demand, the 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 Buyer’s market, this price trend may be a result of improved quality (newer, larger) 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. 

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_-_Condo_June_15_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.