Figure 4 – Rough indicators for Denver, Colorado Springs, and Pueblo, Colorado real estate. From the STAR Momentum All the indicators suggest Pueblo and Colorado Springs are very strong from short-term to long term. Denver looks like it has some concern in the long term.. From the TAPS graphs these are all strong seller’s markets. From the wealth accumulation point of view, Denver, the largest market in Colorado, reflects the state of Colorado. All three graphs indicate that these cities in Colorado are all appreciating markets. But notice, that the two moving averages are about to cross suggesting a change in the market direction.