Englewood
# of listings in Englewood= 266 active listings
# of listings sold from June-16-July 16: 36
# of listings sold from May 16-June 16: 58
# of listings sold from Apr 16-May 16: 44
# of listings sold from Mar 16-Apr 16: 50
# of listings sold from Feb 16-Mar 16: 48
# of listings sold from Jan 16-Feb 16: 30
266 homes sold in the last six months in Englewood. Average number of homes sold per month over the last 6 months in Englewood: 44 homes
#sold (44 homes) X 12 (months) = 528
divide 528 by 52 weeks= 10 units per week
If 10 units sell each week divide that number into the number of active listings 10 divided by 528 = 53 weeks of inventory or a little more than a years worth of inventory in Englewood.
Osprey
# of listings in Osprey= 170 active listings
# of listings sold from June-16-July 16: 16
# of listings sold from May 16-June 16: 10
# of listings sold from Apr 16-May 16: 13
# of listings sold from Mar 16-Apr 16: 7
# of listings sold from Feb 16-Mar 16: 12
# of listings sold from Jan 16-Feb 16: 11
69 homes sold in the last six months in Osprey. Average number of homes sold per month over the last 6 months in Osprey: 12 homes
#sold (12 homes) X 12 (months) = 144
divide 144 by 52 weeks= 2.8 units per week
If 2.8 units sell each week divide that number into the number of active listings 2.8 divided by 144 = 52 weeks of inventory or a years worth of inventory in Osprey.
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.
Punta Gorda (not including Deep Creek)
# of listings in Punta Gorda= 366 active listings
# of listings sold from June-16-July 16: 70
# of listings sold from May 16-June 16: 68
# of listings sold from Apr 16-May 16: 61
# of listings sold from Mar 16-Apr 16: 60
# of listings sold from Feb 16-Mar 16: 70
# of listings sold from Jan 16-Feb 16: 37
366 homes sold in the last six months in PG. Average number of homes sold per month over the last 6 months in PG: 61 homes
#sold (61 homes) X 12 (months) = 732
divide 732 by 52 weeks= 14 units per week
If 14 units sell each week divide that number into the number of active listings 14 divided by 732 = 52 weeks of inventory or a years worth of inventory in Punta Gorda.
Port Charlotte
# of listings in Port Charlotte= 1087 active listings
# of listings sold from June-16-July 16: 109
# of listings sold from May 16-June 16: 163
# of listings sold from Apr 16-May 16: 204
# of listings sold from Mar 16-Apr 16: 168
# of listings sold from Feb 16-Mar 16: 142
# of listings sold from Jan 16-Feb 16: 120
906 homes sold in the last six months in PC. Average number of homes sold per month over the last 6 months in PC: 151 homes
#sold (151 homes) X 12 (months) = 1812
divide 1812 by 52 weeks= 35 units per week
If 35 units sell each week divide that number into the number of active listings 35 divided by 1087 = 31 weeks is the absorption rate or about 8 months worth of inventory in Port Charlotte.
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