Home inventory decreased by 4.1% for the month of August when compared to June 2008. Single Family Home Inventory in the Pikes Peak MLS has increased by 17% when comparing August 2008 to January 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.
Due to the lower number of sales in August, the inventory for single family homes slightly increased from 7.4 months in July to 8 months for August. Colorado Springs will reach a balanced market when inventory drops down to 6 months.
Providing real estate information and services for Colorado Springs home buyers and sellers.
*Information gathered from Pikes Peak MLS and is deemed reliable but not guaranteed