Home inventory has decreased by 3.5% for the month of September 2009 when compared to six months ago (April 2009). Compared to the previous month of August, there was a 4% decrease in single family homes for sale. It is good that we are seeing inventory levels remaining steady.
Single Family Home Inventory in the Pikes Peak MLS was nearly 20% higher in September 2008!
Looking at stats for September 2009, Single Family Home inventory in the Pikes Peak MLS is sitting at 5.9 months (compared to 5.6 months in August). Single family inventory has remained at 6 months or lower since May 2009. There is a balanced market in Colorado Springs when inventory sits at 6 months; the market is definitely improving for sellers.
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*Information gathered from the Pikes Peak MLS is deemed reliable but not guaranteed
Patio homes are included in these stats