Port Charlotte, Florida's absorption rate

Port Charlotte single family homes
# of listings in Port Charlotte= 1298 active listings
# of listings sold from Mar 22-Apr 22: 155
# of listings sold from Feb 22-Mar 22: 153
# of listings sold from Jan 22-Feb 22: 121
# of listings sold from Dec 22-Jan 22: 103
# of listings sold from Nov 22-Dec 22: 100
# of listings sold from Oct 22-Nov 22: 119
751 single family homes sold in the last six months in PC. Average number of homes sold per month over the last 6 months in PC: 125 homes
#sold (125 homes) X 12 (months) = 1500
divide 1500 by 52 weeks= 29 units per week
If 29 units sell each week divide that number into the number of active listings 29 divided by 1298 = 45 weeks is the absorption rate or about a years worth of inventory in Port Charlotte.

Port Charlotte condos and townhomes
# of listings in Port Charlotte= 202 active listings
# of listings sold from Mar 22-Apr 22: 11
# of listings sold from Feb 22-Mar 22: 20
# of listings sold from Jan 22-Feb 22: 12
# of listings sold from Dec 22-Jan 22: 6
# of listings sold from Nov 22-Dec 22: 8
# of listings sold from Oct 22-Nov 22: 12
69 condos and townhomes sold in the last six months in PC. Average number of condos sold per month over the last 6 months in PC: 12 condos
#sold (12 condos) X 12 (months) = 144
divide 202 by 52 weeks= 4 units per week
If 4 units sell each week divide that number into the number of active listings 4 divided by 202 = 51 weeks is the absorption rate or about a years worth of inventory in Port Charlotte.