Home inventory decreased 7.6% for the month of October 2010 when compared to six months ago (May 2010). Compared to the previous month of September, there was a decrease of 7.7% in single family homes for sale. We are now in the slower season for real estate in Colorado Springs and can expect inventory levels to decrease again next month.
Single Family Home Inventory in the Pikes Peak MLS was 15% lower in October 2009 and there were 142 more single family home sales.
Looking at stats for October 2010, Single Family Home inventory in the Pikes Peak MLS is sitting at 8.1 months (compared to 9.2 months in September). 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
Patio homes are included in these stats