We’ve previously talked about the real estate market in metro Denver slowing a bit as the weather turns colder and the holidays approach. However, one area where real estate pros are not seeing that trend is in Pueblo.

Dave Anderson, a member of the Pueblo Association of Realtors Board, said new listings of residential homes for sale were up 24% in September when compared with September 2020. Overall year to date, new listings have gone up 12% when compared with the first three quarters of last year.

Although there were two fewer homes sold in September, “we are still up (4%) for the year,” he said. Additionally, sellers are continuing to get top dollar for their homes. September sales were 101% above list price, showing buyers are not having any luck negotiating lower prices.

So, what is the average home price in Pueblo? September’s median home price was $283,000 in Pueblo and the year-to-date median price is $280,000.

In September 2020, 286 homes sold for a total of $73.3 million. This year 284 homes sold in September, but the total reached $87.7 million, which is nearly a 20% increase in sales collections.

Like in many Colorado communities, Pueblo realtors still struggle with low inventory of homes available to prospective buyers. And construction of new homes isn’t keeping up with demand either. In 2019, 472 building permits were pulled in Pueblo County and in 2020 there were 573. Anderson said that through September this year, they have had 577 building permits pulled, which is four more than last year’s total and there’s still the rest of the year to go. With an average of 40-to-60 building permits pulled each month, 2021 looks to be an impressive year for new home builds.

If you’re considering checking out what Pueblo has to offer, don’t wait to long as the market there is definitely not slowing down. Contact Metrowest today – we’d be happy to show you around!