Home inventory decreased by 16.1% for the month of February 2009 when compared to six months ago (September 2008). Compared to the previous month of January, there was a 2.7% increase in single family homes for sale.
Single Family Home Inventory in the Pikes Peak MLS has also decreased by 9.2% when comparing February 2009 to February 2008.
Looking at stats for February 2009, Single Family Home inventory in the Pikes Peak MLS is sitting at 10 months (compared to 11.9 months in January). 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