Check out the condo 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 $7,996,500 with the market action index hovering around 23. This is less than last month's market action index of 24. Inventory has increased to 52.
Market Action Index
This answers “How’s the Market?” by comparing 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
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.
Average Days on Market (DOM)
Median Days on Market