Sarasota, FL Absorption rate

Sarasota
# of listings in Sarasota= 2154 active listings
# of listings sold from June-16-July 16: 221
# of listings sold from May 16-June 16: 274
# of listings sold from Apr 16-May 16: 267
# of listings sold from Mar 16-Apr 16: 253
# of listings sold from Feb 16-Mar 16: 199
# of listings sold from Jan 16-Feb 16: 186
1400 homes sold in the last six months in Sarasota. Average number of homes sold per month over the last 6 months in Sarasota: 233 homes
#sold (233 homes) X 12 (months) = 2796
divide 2796 by 52 weeks= 54 units per week
If 54 units sell each week divide that number into the number of active listings 54 divided by 2796 = 54 weeks of inventory or a little more than a years worth of inventory in Sarasota.