P
ueblo's residential real estate market has slowed down this summer, with June sales figures showing a decline compared to the same period last year. Despite this, potential buyers still have plenty of options, with 974 homes on the market at the end of June, mostly priced between $300,000 and $400,000. Of these, 402 were pending sale by the end of June, according to the Pueblo Association of Realtors.
The 189 homes sold in June generated a total of $61.7 million, which is about 4% less than last year's sales figures. The average number of days homes spent on the market decreased to 95, down from 102 days in May. The median home price was $320,000 in June, slightly lower than the previous month.
Most buyers in Pueblo continue to use conventional loans, with 61 using this type of financing in June. Federal Housing Authority and Veterans Administration loans were also popular, used by 58 and 28 buyers respectively.
Home builders applied for a total of 24 construction permits in June, bringing the year-to-date total to 138 new home building permits, according to the Pueblo Regional Building Department.
The Colorado Creative Industries division awarded three $3,000 grants to support folk and traditional arts projects in Pueblo. These include an adobe earth-building technique project, a folklorico dance program, and public programming focused on African dance traditions.
Colorado's vibrant cultural scene is also driving economic growth, with the state's creative industries contributing significantly to local economies. The Colorado Chamber of Commerce is now accepting nominations for its Coolest Thing Made in Colorado competition, which highlights innovative manufacturers across the state.
The Broadway Theater League has announced its 65th season lineup, featuring three nationally touring Broadway hits: "The Addams Family," "Kinky Boots," and "Mrs. Doubtfire." Season tickets are on sale now, with single show tickets available starting August 11.
