Englewood, FL absorption rate

Englewood
# of listings in Englewood= 266 active listings
# of listings sold from June-16-July 16: 36
# of listings sold from May 16-June 16: 58
# of listings sold from Apr 16-May 16: 44
# of listings sold from Mar 16-Apr 16: 50
# of listings sold from Feb 16-Mar 16: 48
# of listings sold from Jan 16-Feb 16: 30
266 homes sold in the last six months in Englewood. Average number of homes sold per month over the last 6 months in Englewood: 44 homes
#sold (44 homes) X 12 (months) = 528
divide 528 by 52 weeks= 10 units per week
If 10 units sell each week divide that number into the number of active listings 10 divided by 528 = 53 weeks of inventory or a little more than a years worth of inventory in Englewood.