Home inventory decreased by 9.7% for the month of April 2009 when compared to six months ago (November 2008). Compared to the previous month of March, there was a decrease (1.3%) 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 18.9% when comparing April 2009 to April 2008!
Looking at stats for April 2009, Single Family Home inventory in the Pikes Peak MLS is sitting at 7 months (compared to 9 months in March). We have not seen the inventory as low as 7 months in some time and this is a good sign! Colorado Springs will reach a balanced market when inventory drops down to 6 months.
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*Information gathered from the Pikes Peak MLS is deemed reliable but not guaranteed
Patio homes are included in these stats