New February data from Realtor.com shows potential buyers and sellers in Pueblo County are selling their homes for just over the previous month's median sales price of $273,500. I understand.
According to Realtor.com data analysis, the median home sales price was $275,000. This means that February, the most recent month for which statistics are available, increased by 0.5% compared to January.
Compared to February 2023, the median home sales price was $275,000, down 4.5% from $288,000.
Because Realtor.com obtains sales data from real estate deeds, there is a lag of several months before the latest data is available. This statistic does not include homes currently for sale, so it cannot be directly compared to property data.
Information about the local housing market and other helpful community data is available at data.coloradoan.com.
For single-family homes, the median sales price in Pueblo County in February was $265,000, down 2.2% from $271,000 the previous month. Since February 2023, single-family home sales prices have fallen 1.9% from the median price of $270,000.
No single-family homes sold for at least $1 million or more during the month.
Sales prices for condos and townhouses rose 33.1% in February, with the median price rising to $386,000 from $290,000 in January. Compared to February 2023, sales prices for condos and townhouses decreased 16.3% from $461,400. One apartment or townhouse sold for more than $1 million during the month, while seven transactions for more than $1 million were recorded in February 2023.
The number of sales recorded in Pueblo County in February decreased by 21.7% since February 2023, from 189 to 148. All home sales totaled $40.4 million.
In Colorado, the median home sales price in February was $510,583, up 2.1% from January's $500,000. Statewide sales in February were 5,601, an 8.9% increase from February 2023 sales of 5,145.
Total home sales recorded in Colorado increased 24.9% from $3.6 billion in January to $4.5 billion in February of this year.
Of all Colorado home sales, 12.07% of homes sold for $1 million or more in February, up from 10.13% in February 2023.
Single-family home sales prices across Colorado rose 1.9% from a median price of $530,000 in January to $540,000 in February. Since February 2023, sales prices for single-family homes across the state have increased 2.5% from $526,864.
Statewide condo and townhome sales prices rose 3.8% from a median price of $395,000 in January to $410,000 in February. The median sales price for condos and townhomes increased 3.7% from the February 2023 median price of $395,500.
The median home sales price used in this report represents the median price of all homes or units listed during a particular time period. The median provides a more accurate indication of what's happening in the market than the average sales price, which is the sum of all sales prices divided by the number of homes sold. Averages can be skewed by particularly low or high sales.
The USA TODAY Network publishes localized versions of this story generated using data from Realtor.com on news sites across the country. If you have any feedback or corrections to this story, please leave them here. This story was written by Ozge Terzioglu.
