Home inventory decreased by 22.3% for the month of February 2011 when compared to six months ago (September 2010). Compared to the previous month of January, there was a very slight decrease in single family homes for sale.
Single family Inventory in the Pikes Peak MLS was not much higher in February 2010 but there were 124 additional single family home sales.
Looking at statistics for February, Single Family Home Inventory in the Pikes Peak MLS is sitting at 9.6 months (compared to 9.4 months in January). 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