Home sales in Pueblo County slowed sharply in October, falling nearly 20% compared with the same month a year earlier, while prices held relatively steady, according to the latest report from the Pueblo Association of REALTORS.
The October data shows 129 single-family homes changed hands last month, a 19.9% decline from the 161 sales recorded in October 2025. Even with fewer transactions, the median single-family home price climbed 5.5% year over year to $290,000. The average sales price edged down slightly, from $296,704 to $295,557, and homes lingered longer before selling, with the average time on the market rising from 96 days last October to 100 days in October 2026.
David Ramirez with the Pueblo Association of REALTORS said the market is slowing but not frozen, despite wider concerns about a housing cooldown. "I think there's a lot of people that wanted to get past the election, and I think we tend to get into a slower period of time as we enter the holidays," Ramirez said. "Things traditionally pick up as we head into the spring."
Ramirez said the recent decline in mortgage interest rates could help keep the market from slowing further. He added that buyers who stay in the market may find an opening, particularly as sellers become more willing to negotiate. Some sellers are more motivated than in recent years, he said, making them more likely to weigh price reductions or offer concessions to get a deal done. With fewer shoppers during the holiday season, buyers who are prepared to act could have the upper hand. "They could really come out ahead with the right deal," Ramirez said of holiday-season shoppers.
The numbers also suggest sellers may need to reset their expectations. Ramirez said some homeowners are still anchoring their asking prices to the appreciation seen in 2021 and 2022, even though conditions have shifted, and some end up cutting prices after failing to get what they expected. While certain homes still go under contract within days or weeks, he said pricing a property correctly matters more than ever. "If the house is in great shape and it's priced well, it's gonna sell and it may sell quickly," Ramirez explained. "But what we're seeing about 100 days, it's a little bit longer window, and you need to combine those expectations with some patience."
Inventory also tightened. There were 912 single-family homes listed for sale in October, down from 982 a year earlier, leaving Pueblo County with a 5.7-month supply, compared with 5.9 months in October 2025.
The townhouse and condominium segment moved in the opposite direction. Sales jumped 36.4% year over year, from 11 in October 2025 to 15 last month, while the median price for those properties slipped 1.4% to $255,500. Ramirez said townhomes and condos can attract buyers seeking lower-maintenance living, though homeowners association fees add to the cost, and he cautioned that the small number of monthly sales can make percentage swings in that category look exaggerated.
For the year so far, Pueblo County recorded 1,623 single-family home sales in the first 10 months of 2026, down 3.6% from the same stretch last year, while the year-to-date median sales price of $305,000 marks a 3.2% decline from 2025. The holiday season may bring a temporary lull, Ramirez said, but the market typically begins to stir again as spring approaches.
