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Pueblo’s real estate market is showing some signs of warming up as spring approaches and realtors are planning open house events to help get the word out about available homes.
“There is positive activity across the Pueblo real estate market in this early spring season and we’re seeing an increase in showing and a growing number of buyers out looking at homes,” said Dave Anderson, spokesperson for the Pueblo Association of Realtors.
“Our inventory is up 14.5% from February 2024 and new listings are up 10.3% for the year. We are starting to see some light with the inventory increasing because that is the first thing we need to have happen,” to lead to more sales, he explained.
Statewide, a total of 6,937 single-family homes hit the new listings from January to February, which was a 3.6% month-to-month increase and up 8.3% from a year ago, said Marty Schechter, spokesperson for the Colorado Association of Realtors.
Buyers are still being a bit cautious
“Our sold listings fell 21.2% in February 2025 compared to 2024 and are down 16.3% year to date. The median home price stayed flat in February compared to a year prior at $318,500,” Anderson explained.
The percent-of-list-price compared to the sold price ticked down just a touch in February to 97.7%, Anderson said.
“Looking to the average 100 days on market, we haven’t seen much change over the past year, and we currently have 4.5 months’ supply of homes to choose from,” Anderson said.
Looking ahead, Anderson said interest rates — currently influenced by the 10-year government treasury bond — are staying in the low 6% range and “probably will be for a while, at least the next three to four months.”
Anderson said new home builders also are being cautious, but did apply for a few more building permits in February than in previous months, with the majority of the building continuing to happen in Pueblo West.
Open house set for Saturday
“Our local agents are hosting a lot of open houses and seeing a few more buyers thanks to some warmer days,” Anderson explained.
RE/MAX of Pueblo will host a huge open house event from 11 a.m. to 2 p.m., Saturday, March 15, featuring 27 homes.
A complete listing of participating home addresses will appear in an advertisement in Friday’s Chieftain.
Chieftain reporter Tracy Harmon covers business news. She can be reached by email at tharmon@chieftain.com or via X at x.com/tracywumps. Support local news, subscribe to The Pueblo Chieftain at subscribe.chieftain.com.
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