Pueblo homes drawing higher prices

Pueblo’s housing market posted a solid start to the year in January.

While the number of homes sold was down, overall spending was up as buyers focused on higher-priced properties, generally in the $200,000 to $300,000 range, according to Pueblo Association of REALTORS® data. The $33.6 million spent last month was up 7.7 percent from the $31.2 million spent in January 2018.

A separate report from the Colorado Association of REALTORS® showed the Pueblo area’s median selling price rose to $195,000, up 8.3 percent over the previous 12 months, and the average selling price jumped to $208,492, up 16.7 percent from a year ago.

“Our Pueblo market began the new year a little slow with new listings and pending sales down,” David Anderson, a RE/MAX Pueblo West agent who is president of the Pueblo Association of REALTORS® and a regional spokesman for the Colorado Association of REALTORS®, said in a statement.

“Agents and buyers are looking forward to a strong spring market and, if interest rates remain steady or lower, spring should be an exciting time in the local market,” Anderson said.

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