Roxanne & Shannon Moore-Realtors, North Port FL

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.

Venice single family homes
# of listings in Venice= 819 active listings
# of listings sold from Mar 22-Apr 22: 79
# of listings sold from Feb 22-Mar 22: 69
# of listings sold from Jan 22-Feb 22: 67
# of listings sold from Dec 22-Jan 22: 54
# of listings sold from Nov 22-Dec 22: 67
# of listings sold from Oct 22-Nov 22: 63
399 single family homes sold in the last six months in Venice. Average number of homes sold per month over the last 6 months in Venice: 67 homes
#sold (67 homes) X 12 (months) = 804
divide 804 by 52 weeks= 16 units per week
If 16 units sell each week divide that number into the number of active listings 16 divided by 819 = 51 weeks is the absorption rate or about a years worth of inventory in Venice.

Venice condos and townhomes
# of listings in Venice= 461 active listings
# of listings sold from Mar 22-Apr 22: 34
# of listings sold from Feb 22-Mar 22: 31
# of listings sold from Jan 22-Feb 22: 23
# of listings sold from Dec 22-Jan 22: 16
# of listings sold from Nov 22-Dec 22: 19
# of listings sold from Oct 22-Nov 22: 20
143 condos and townhomes sold in the last six months in Venice. Average number of condos sold per month over the last 6 months in Venice: 24 condos
#sold (24 condos) X 12 (months) = 288
divide 288 by 52 weeks= 6 units per week
If 6 units sell each week divide that number into the number of active listings 6 divided by 461 = 77 weeks is the absorption rate or about a year and a half worth of inventory in Venice.

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.

Bradenton:
Bradenton's average listing price for the last 6 months $189,680-Average selling price for the last six months is $170,233:
Average list price Mar 22-Apr 22 was $175,154 and the average selling price was $155,793. Average size home selling was 1619 sq ft under air.
Average list price Feb 22-Mar 22 was $171,252 and the average selling price was $152,335. Average size home selling was 1550 sq ft under air.
Average list price Jan 22-Feb 22 was $178,945 and the average selling price was $161,945. Average size home selling was 1647 under air.
Average list price Dec 22-Jan 22 was $200,279 and the average selling price was $176,770. Average size home selling was 1650 sq ft under air.
Average list price Nov 22-Dec 22 was $201,378 and the average selling price was $183,214. Average size home selling was 1695 sq ft under air.
Average list price Oct 22-Nov 22 was $211,070 and the average selling price was $191,341. Average size home selling was 1703 sq ft under air.

Bradenton
# of listings in Bradenton= 3056 active listings
# of listings sold from Mar 22-Apr 22: 201
# of listings sold from Feb 22-Mar 22: 198
# of listings sold from Jan 22-Feb 22: 200
# of listings sold from Dec 22-Jan 22: 152
# of listings sold from Nov 22-Dec 22: 158
# of listings sold from Oct 22-Nov 22: 175
1084 homes sold in the last six months in Bradenton. Average number of homes sold per month over the last 6 months in Bradenton: 181 homes
#sold (181 homes) X 12 (months) = 2172
divide 2172 by 52 weeks= 42 units per week
If 42 units sell each week divide that number into the number of active listings 42 divided by 3056 = 73 weeks is the absorption rate or about a year and a half of inventory in Bradenton.