Home inventory decreased by 8.5% for the month of September when compared to June 2008. Single Family Home Inventory in the Pikes Peak MLS decrreased by 10.8% when comparing September 2007 to September 2008.
We had the highest number of Single Family Homes for sale in June; inventory is normally highest during the summer months in Colorado Springs.
Single Family Home inventory in the Pikes Peak MLS is sitting at 8.2 months; 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