Home inventory decreased by 27.3% for the month of December 2010 when compared to six months ago (July 2010). Compared to the previous month of November, there was a decrease of 8.8% in single family homes for sale.
Single family Inventory in the Pikes Peak MLS was 9.5% lower in December 2009 but there were only 6 additional single family home sales.
Looking at statistics for December 2010, Single Family Home Inventory in the Pikes Peak MLS is sitting at 6.9 months (compared to 8.7 months in November). We have not seen inventory below eight months since June 2010, what an improvement! 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