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.
Search for homes in Colorado Springs
For more information on Colorado Springs Real Estate or the Colorado Springs Area contact me or visit my website.
*Information gathered from the Pikes Peak MLS is deemed reliable but not guaranteed
Patio homes are included in these stats