Punta Gorda Florida's absorption rate

Punta Gorda
# of listings in Punta Gorda= 1616 active listings
# of listings sold from Mar 22-Apr 22: 95
# of listings sold from Feb 22-Mar 22: 85
# of listings sold from Jan 22-Feb 22: 69
# of listings sold from Dec 22-Jan 22: 58
# of listings sold from Nov 22-Dec 22: 53
# of listings sold from Oct 22-Nov 22: 71
431 homes sold in the last six months in PG. Average number of homes sold per month over the last 6 months in PG: 72 homes
#sold (72 homes) X 12 (months) = 864
divide 864 by 52 weeks= 17 units per week
If 17 units sell each week divide that number into the number of active listings 17 divided by 1616 = 95 weeks of inventory or nearly two years worth of inventory in Punta Gorda.