Sarasota, FLorida's absorption rate

Sarasota single family homes
# of listings in Sarasota= 2667 active listings
# of listings sold from Mar 22-Apr 22: 236
# of listings sold from Feb 22-Mar 22: 210
# of listings sold from Jan 22-Feb 22: 180
# of listings sold from Dec 22-Jan 22: 195
# of listings sold from Nov 22-Dec 22: 194
# of listings sold from Oct 22-Nov 22: 206
1026 single family homes sold in the last six months in Sarasota. Average number of homes sold per month over the last 6 months in Sarasota: 171 homes
#sold (171 homes) X 12 (months) = 2052
divide 2052 by 52 weeks= 40 units per week
If 40 units sell each week divide that number into the number of active listings 40 divided by 2052 = 51 weeks is the absorption rate or about a years worth of inventory in Sarasota.

Sarasota condos and townhomes
# of listings in Sarasota= 1876 active listings
# of listings sold from Mar 22-Apr 22: 119
# of listings sold from Feb 22-Mar 22: 91
# of listings sold from Jan 22-Feb 22: 79
# of listings sold from Dec 22-Jan 22: 49
# of listings sold from Nov 22-Dec 22: 73
# of listings sold from Oct 22-Nov 22: 67
478 condos and townhomes sold in the last six months in Sarasota. Average number of condos sold per month over the last 6 months in Sarasota: 80 condos
#sold (80 condos) X 12 (months) = 960
divide 960 by 52 weeks= 19 units per week
If 19 units sell each week divide that number into the number of active listings 19 divided by 1876 = 99 weeks is the absorption rate or about a two years worth of inventory in Sarasota.