Pueblo West, CO - Fall 2018 Market Update

Is the real estate market changing?? Time will tell, however sales numbers are slowing some.  The following stats are for residential real estate, in Pueblo West, Colorado. 
NUMBER OF SALES: From January 1 - September 26, 2018, 544 houses have sold, compared to 585 during the same period in 2017.  That's down 7%. 
PRICES: For the same period as above, the average price in 2018 was $257,632 Compared to $234,209 in 2017.  Up 10%. 
NUMBER OF LISTINGS: 124 houses are currently on the market in Pueblo West.  That is up from the numbers listed over the past couple of years.  A year ago about 95 houses were on the market.  The current listings represent a 2 month supply compared to less than a month for much last two years.  A normal market has a 6 month supply so that is still a low listing inventory.  
NUMBER OF DAYS ON MARKET:  Houses that sold in 2018 were on the market 71 days compared to 79 in 2017.  
It's still a great time to sell, with prices up & things selling in a relatively short time.  Call Rich or Anne Selle to get a Free Market Value estimate for your home!