October 2024 Housing Market Update for Telluride and Mountain Village

As Telluride transitions into the winter season, the real estate market continues to show remarkable strength despite a slight dip in the number of listings sold, down 11% from last year. Notably, the median sale price has surged by 24% year-over-year, reaching $3.65 million, while the sale-to-list price ratio has improved to 97%, reflecting stronger seller positioning. Sales volume has climbed 14%, totaling over $641 million, and the median price per square foot has risen by 5% to $1,579, highlighting the sustained demand for high-value properties. Although the median days on market have modestly increased by 4%, the overall market dynamics remain favorable, setting a positive tone as we approach the peak winter buying season.