Telluride real estate is moving right along the lines of the thinking of realtors’ nationwide. Take a moment and read this quick piece from NAR.
REALTORS® Expect Prices to Increase at a Slightly Faster Pace in Next 12 Months
REALTORS® who responded to the April 2015 survey expected prices to increase at a slightly faster pace in the next 12 months compared to the expectation a month ago, according to the April 2015 REALTORS® Confidence Index Survey. The median expected price growth in the next 12 months is 3.9 percent (3.5 percent in March 2015; 4.0 percent in April 2014).
The map below shows the median expected price change in the next 12 months for each state based on the Feb 2015 –April 2015 surveys.
REALTOR® respondents from Colorado had the most upbeat price expectations, with the median expected price growth at 6 percent, followed by the District of Columbia at 5 percent. Price expectations were also upbeat in Washington, Oregon, Nevada, Florida, Georgia, Michigan, Hawaii, and New Hampshire with the median expected price growth at 4 to 5 percent. With oil prices still at a slump, REALTORS® expected prices to increase more modestly at a median price growth of 2 to 3 percent in North Dakota, Oklahoma, Wyoming, and Louisiana. In Texas, where the economy is more diversified, the median expected growth in prices in the next 12 months is about 4 percent.