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.
Englewood
# of listings in Englewood= 1050 active listings
# of listings sold from Mar 22-Apr 22: 68
# of listings sold from Feb 22-Mar 22: 73
# of listings sold from Jan 22-Feb 22: 44
# of listings sold from Dec 22-Jan 22: 57
# of listings sold from Nov 22-Dec 22: 60
# of listings sold from Oct 22-Nov 22: 47
349 homes sold in the last six months in Englewood. Average number of homes sold per month over the last 6 months in Englewood: 58 homes
#sold (58 homes) X 12 (months) = 696
divide 696 by 52 weeks= 13 units per week
If 13 units sell each week divide that number into the number of active listings 13 divided by 1050 = 81 weeks of inventory or about a year and a half worth of inventory in Englewood.
Osprey
# of listings in Osprey= 304 active listings
# of listings sold from Mar 22-Apr 22: 11
# of listings sold from Feb 22-Mar 22: 15
# of listings sold from Jan 22-Feb 22: 14
# of listings sold from Dec 22-Jan 22: 7
# of listings sold from Nov 22-Dec 22: 17
# of listings sold from Oct 22-Nov 22: 9
73 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= 3 units per week
If 3 units sell each week divide that number into the number of active listings 3 divided by 304 = 101 weeks of inventory or about two years worth of inventory in Osprey.
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.
North Port
# of listings in North Port= 999 active listings
# of listings sold from Mar 22-Apr 22: 153
# of listings sold from Feb 22-Mar 22: 165
# of listings sold from Jan 22-Feb 22: 155
# of listings sold from Dec 22-Jan 22: 126
# of listings sold from Nov 22-Dec 22: 127
# of listings sold from Oct 22-Nov 22: 138
864 homes sold in the last six months in NP. Average number of homes sold per month over the last 6 months in NP: 144 homes
#sold (144 homes) X 12 (months) = 1728
divide 1728 by 52 weeks= 33.23 units per week
If 33.23 units sell each week divide that number into the number of active listings 33.23 divided by 999 = 30 weeks is the absorption rate or 7 ½ months of inventory in North Port.
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