Home inventory decreased by 9.8% for the month of February 2010 when compared to six months ago (September 2009). Compared to the previous month of January, there was a 5.8% increase in single family homes for sale. We will soon be entering the busier season for real estate in Colorado Springs and can expect inventory levels to increase again next month.
Single Family Home Inventory in the Pikes Peak MLS was nearly 13.8% higher in February 2009 and there were also 68 fewer single family home sales.
Looking at stats for February 2010, Single Family Home inventory in the Pikes Peak MLS is sitting at 7.6 months (compared to 8.9 months in January). There is a balanced market in Colorado Springs when inventory sits at 6 months.
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*Information gathered from the Pikes Peak MLS is deemed reliable but not guaranteed
Patio homes are included in these stats