Venice
# of listings in Venice= 657 active listings
# of listings sold from July 15-Aug 15: 78
# of listings sold from June 15-July 15: 100
# of listings sold from May 15-June 15: 96
# of listings sold from Apr 15-May 15: 95
# of listings sold from Mar 15-Apr 15: 83
# of listings sold from Feb 15-Mar 15: 55
507 homes sold in the last six months in Venice. Average number of homes sold per month over the last 6 months in Venice: 85 homes
#sold (85 homes) X 12 (months) = 1020
divide 1020 by 52 weeks= 20 units per week
If 20 units sell each week divide that number into the number of active listings 20 divided by 657 = 33 weeks of inventory or a little a little more than 8 months worth of inventory in Venice