Home inventory decreased by 13.1% for the month of March 2009 when compared to six months ago (October 2008). Compared to the previous month of February, there was a slight increase of .3%in single family homes for sale. In the month of March, the home inventory remained steady while home sales increased. We are seeing positive signs for the real estate market in Colorado Springs!
Single Family Home Inventory in the Pikes Peak MLS has also decreased by 13.2% when comparing March 2009 to March 2008.
Looking at stats for March 2009, Single Family Home inventory in the Pikes Peak MLS is sitting at 9 months (compared to 10 months in February). Colorado Springs will reach a balanced market when inventory drops down to 6 months.
*Information gathered from the Pikes Peak MLS is deemed reliable but not guaranteed