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)
