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!
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I'm Rich Selle an active Realtor with RE/MAX Pueblo West. I've got 30 plus years real estate sales experience and I'll try to give you some insights about our market.