Welcome to the Telluride Housing Weekly Sentiment, your go-to source for the latest insights into the vibrant real estate market of Telluride, Colorado. In this week's edition, we delve into the current state of Telluride's real estate landscape, exploring key metrics and trends that define the housing market in the picturesque 81435 area.
Market Overview As of February 2, 2024, the median list price for homes in Telluride, CO 81435 stands at an impressive $8,750,000. The market action index (MAI) hovers around 25, indicating a relatively stable market condition. This figure mirrors last month's MAI, suggesting a consistent trend in the market.
Slight Buyer's Advantage Currently, Telluride is experiencing a Slight Buyer's Advantage. While home prices have maintained a plateau in recent weeks, the supply of listed homes has grown relative to demand. This shift signals a potential for prices to resume a downward trend, aligning with the MAI. Significant upward movement in prices is not anticipated until there is a persistent upward shift in the MAI.
Key Metrics Breakdown:
Median List Price: $8,750,000
Median Price of New Listings: $10,750,000
Price per Square Foot: $1,589
Average Days on Market: 242
Median Days on Market: 193
Price Decreased: 29%
Price Increased: 3%
Median Rent: $20,000
Market Action: 25
The Telluride Real Estate Experts Navigating the Telluride real estate market requires expertise and insight. This is where Mountain Rose Realty, led by the knowledgeable Anne-Britt Ostlund, comes into play. With a keen understanding of the local market dynamics, Mountain Rose Realty is your trusted partner in finding the perfect property in Telluride.
Explore Telluride Homes for Sale For those in search of their dream home in Telluride, Mountain Rose Realty offers an extensive portfolio of homes for sale. Whether you're looking for a cozy mountain retreat or a luxurious estate, Anne-Britt Ostlund and her team are dedicated to helping you find the perfect property that aligns with your lifestyle and preferences.
Conclusion As we navigate through the Telluride real estate landscape, it's evident that the market is currently favoring buyers. With Mountain Rose Realty at your side, your journey to finding the ideal Telluride home becomes a seamless and rewarding experience. Stay tuned for our weekly updates, keeping you informed on the latest trends and opportunities in the Telluride housing market.