Home inventory increased by 1.8% for the month of May 2009 when compared to six months ago (December 2008). Compared to the previous month of April, there was a slight increase (.6%) in single family homes for sale. It is good that we are seeing inventory levels remaining steady while home sales are increasing; this will ultimately reduce the months of inventory in Colorado Springs.
Single Family Home Inventory in the Pikes Peak MLS has also decreased by 21% when comparing May 2009 to May 2008!
Looking at stats for May 2009, Single Family Home inventory in the Pikes Peak MLS is sitting at 6 months (compared to 7 months in April). We have not seen the inventory as low as 6 months June 2007! There is a balanced market in Colorado Springs when inventory sits at 6 months; it appears the market is improving for sellers.
*Information gathered from the Pikes Peak MLS is deemed reliable but not guaranteed
Patio homes are included in these stats