Telluride & Mountain Village Real Estate: February 2026

Two months into 2026, the Telluride and Mountain Village market is showing signs of quiet confidence. Sales volume reached just over $70 million through February — a 13% increase from the same period last year — even as transaction count remained nearly identical at 20 closed sales. More dollars moving on the same number of deals suggests the higher end of the market is staying engaged.

Prices softened modestly on paper, with the median sale price at $2,170,000 compared to $2,400,000 a year ago. But the per-square-foot picture tells a different story: at $1,525, values are up 8% year-over-year, pointing to real underlying appreciation rather than broad price erosion. List prices came down about 4%, and the sale-to-list ratio held at 94% — sellers and buyers are negotiating, but not dramatically so.

Days on market ticked down slightly from 154 to 150, a small but encouraging improvement. Taken together, the February data paints a market that is measured and deliberate — not frenzied, but far from slow.