T
he Pueblo real estate market showed some signs of improvement for buyers in December, but overall sales declined by 8.9% in 2024 compared to the previous year. According to Dave Anderson, spokesperson for the Pueblo Association of Realtors, the number of listings increased by 23.8% in December and 3.2% for the year, while pending sales dropped by 11% in December and 9.7% year-to-date.

    The median price ended the year up 3.35% at $316,500, but the percent-of-list-price received was 98.2%, indicating that sellers have been reducing prices to sell properties. Anderson attributed this shift to interest rates, which are now in the low 6% range and can be brought under 6% for special opportunities.

    Anderson doesn't expect significant changes in the first three months of 2025, citing positive economic indicators such as new businesses coming into Pueblo. Two large housing projects and a 300-unit apartment complex on Pueblo Boulevard are expected to contribute to the local economy.

    In other news, the Southern Colorado Residential Rental Association is hosting a class and luncheon on January 21 at Pueblo Union Depot, featuring speakers from the Pueblo County Sheriff's Office and Judge Roberto Silva. The event is free for members, with lunch available for $18 or $25 for non-members.