Pueblo County single family home sales continue to appreciate in value even though the number of homes sold continue to decline, year over year. Mortgage Rates Fall a Little The 30 year fixed-rate mortgage fell to 6.88% for the week ending in February. “Evidence that purchase demand remains sensitive to interest rate changes was…
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Local Pueblo County Median Home Prices up 10.2% from a year ago The median selling price in January 2024 for single family homes was $325,000. Last month, December 2023 the median selling price was $315,500, representing a 3% increase from just last month but a full 10.2% from this time last year. The absorption…
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Pueblo County Housing Market 2024 Introduction After a few years of home prices skyrocketing due to low mortgage rates and a lack of homes for sale the economic pressure of rising inflation and the subsequent rise in mortgage rates the market for homes sales in 2023 stayed pretty much stagnant. Not so surprisingly with…
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The NATIONAL ASSOCIATION OF REALTORS® affordability index measures whether or not a typical family could qualify for a mortgage loan on a typical home. A typical home is defined as the national median-priced, existing single-family home as calculated by NAR. The typical family is defined as one earning the median family income as reported by…
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December saw 10.8% less homes for sale than the previous month. Sales jumped from 152 homes sold in Pueblo in November to 192 homes sold in December. The median selling price remained relatively the same.
November’s numbers stayed relatively the same as in October. We did see a median selling price of Pueblo homes drop from October at $314,950 to November’s number at $305,450. Days on market increase as well as months of inventory slightly.
Home sales fell in October to 187 homes down from 213 in September. The median sales price jumped to $314,950 from the previous month of $306,600. The number of homes also increased from the previous month from 781 in September to 802 in October. Nationally, there were 1.15 million homes for sale or under…
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Pueblo County Median Selling Prices Down from Previous Month For the first three indicators above, the number of homes for sale, months of inventory and list to sold price remained steady from previous month. In August the number of homes sold were 250 in Pueblo County and in September 2023 there were only 213…
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Local Pueblo County Median Home Prices Up 12% since the beginning of the year The median selling price in January 2023 for single family homes was $295,000. At the end of August 2023 the median selling price of homes came in at $330,500. This is a 12% increase in the median price since the…
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Declining sales and median selling price marked the July 2023 Pueblo real estate market. In comparison to June sales the number of homes for sale increased from 678 in June to 707 for the month of July. The months of inventory climbed to 3.1 versus 2.9 in June. Asking price to selling price remained…
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