News Summary
Pueblo, Colorado’s real estate market has seen a notable decline in activity, with a decrease in home sales and average prices compared to the previous year. In June, 189 homes were sold, down over 4% from the same month in the previous year, leading to a total sales volume of approximately $61.7 million. Median home prices dipped slightly to $320,000. Despite the cooling market, ongoing construction and cultural investments continue to foster community growth and resilience.
Pueblo’s Residential Real Estate Market Experiences Decline in Sales and Home Prices in June 2024
The city of Pueblo has reported a noticeable slowdown in its residential real estate market for June 2024, marked by a decrease in home sales and overall sales volume compared to the same month in the previous year. According to recent data, the number of homes sold in June 2024 was 189, representing a decline of over 4% from June 2023.
Housing Inventory and Market Activity
At the end of June 2024, there were a total of 974 homes available for sale in Pueblo. The most common price range for these listings was between $300,000 and $400,000, with 287 homes falling within this category. In addition, Pueblo County had a total of 1,376 homes for sale during the month, of which 402 were pending sale by the end of June.
Meanwhile, the average number of days homes remained on the market decreased slightly, with homes staying an average of 95 days before sale, down from 102 days in May. This indicates that although fewer homes are selling, those that do are moving faster than in previous months.
Home Prices and Financing Trends
The median home price in Pueblo in June was $320,000, a slight decrease from May’s median of $323,875. This small dip suggests a modest cooling in home prices after a period of growth.
Most buyers financed their purchases through conventional loans, accounting for 61 buyers in June. Other common financing options included Federal Housing Authority (FHA) loans, used by 58 buyers, and Veterans Administration (VA) loans, utilized by 28 buyers.
Construction and Development
The Pueblo Regional Building Department issued 24 construction permits in June. This brings the year-to-date total to 138 new home building permits, reflecting ongoing development activity within the city.
Community and Cultural Initiatives
Grants Supporting Arts and Heritage Projects
On July 16, the Colorado Creative Industries division awarded three grants of $3,000 each to Pueblo-based projects focused on folk and traditional arts. One project received funding to support an adobe earth-building initiative at the Adobe Gateway at Desert ArtLAB. Another grant was allocated to a folklorico dance workshop titled “Danza, Identidad y Comunidad,” aimed at preserving Mexican heritage. Additionally, Grupo Folklorico Del Pueblo received support to enhance public programming highlighting African dance influences in Mexican Folklorico styles.
Nominations for Colorado’s Top Manufacturing
The Colorado Chamber of Commerce currently accepts nominations for its fourth annual “Coolest Thing Made in Colorado” competition until July 25. The event seeks to highlight innovative manufacturing companies’ contributions to the state’s economy. Nominations can be submitted online at coolthingcolorado.com/nominations. An independent panel will select the top 10 finalists in August for this competition.
Upcoming Broadway Performances in Pueblo
In entertainment news, the Pueblo Broadway Theater League announced three nationally touring Broadway shows scheduled for their 65th season. The lineup includes The Addams Family on October 7, Kinky Boots on January 8, and Mrs. Doubtfire on April 27. Season tickets, priced between $195.50 and $272.50, are available for purchase at etix.com, providing residents the opportunity to enjoy high-profile performances in the city.
Overall, Pueblo’s market for residential real estate has shown signs of slowing down in June 2024, with reduced sales and price adjustments, amid ongoing community development efforts and cultural initiatives that continue to shape the city’s growth and vibrancy.
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Additional Resources
- Chieftain: Pueblo’s June Residential Real Estate Sales Lag Behind 2024
- KOAA: Thousands of Homes Will Be Built Next to CSU Pueblo
- KKTV: Old Pueblo Building Gets New Life
- Livability: Pikes Peak Park Helps Address Affordable Housing in Pueblo, CO
- Finance Buzz: Realtors’ Colorado House Price Prediction
- Wikipedia: Pueblo, Colorado
- Google Search: Pueblo real estate market
- Google Scholar: Pueblo housing market
- Encyclopedia Britannica: Pueblo
- Google News: Pueblo real estate
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INDIANAPOLIS STAFF WRITER The INDIANAPOLIS STAFF WRITER represents the experienced team at HEREIndianapolis.com, your go-to source for actionable local news and information in Indianapolis, Marion County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Indianapolis 500, Indy Jazz Fest, and the Indiana State Fair. Our coverage extends to key organizations like the Indy Chamber and Visit Indy, plus leading businesses in motorsports and healthcare that power the local economy such as Indianapolis Motor Speedway and IU Health. As part of the broader HERE network, we provide comprehensive, credible insights into Indiana's dynamic landscape.
