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Pueblo West, CO - Fall 2018 Market Update

9/26/2018

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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.  

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