Home inventory decreased by 12.8% for the month of March 2011 when compared to six months ago (October 2010). Compared to the previous month of February, there was an increase in single family homes for sale.
In March 2010, single family Inventory in the Pikes Peak MLS was slightly higher and there were 723 single family home sales compared to 776 sales in March 2011.
Looking at statistics for March, Single Family Home Inventory in the Pikes Peak MLS is sitting at 5.8 months (compared to 9.6 months in February). The months of inventory has improved considerably in Colorado Springs! There is a balanced market in Colorado Springs when inventory sits at 6 months.
**Information gathered from the Pikes Peak MLS is deemed reliable but not guaranteed