It’s fair to say that as 2022 came to a close, the Telluride Real Estate Market was grappling to re-establish its value position in the post-covid-boom world. Interest rates, inflation, and political unrest had everyone on edge regarding what was in store for 2023.

Well, here we are, already through the first quarter of 2023. At first glance, the percentage decrease in the number of transactions and dollar volume YTD may seem significant. Yet, as the market normalizes, comparing it to the highs of the boom is an unfair assessment. To put things into perspective, San Miguel County’s dollar volume for the first quarter of 2023 was the third-highest on record.

Mountain Village sales accounted for 57% of the dollar volume in the first quarter. The…

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