Real estate trends and free legal clinics

Pueblo’s residential real estate market showed some positive numbers in January.

New listings of homes for sale are up 13.5% compared to January 2024 and overall inventory is just shy of 11% above last year. Pending sales were up 10.7% compared to the same time last year.

“Our average days on the market dipped slightly but remained right around three months. Looking to the percent-of-list-price received, we remained fairly strong at 97.5%,” said Dave Anderson, spokesperson for the Pueblo Association of Realtors.

“Sold properties in January fell 4.7% compared to a year prior and we did see our median pricing fall 4.7% to $305,000. We don’t anticipate any real growth over the next few months as buyers continue to wait for interest rates to stabilize in the low 6% range,” Anderson explained.