Punta Gorda, FL Absorption rate

By
Real Estate Agent with Green Lion Realty

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.

Comments (1)

Ed Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

That's still a lot properties sold, which is much better than other parts of the country if not even your state

Aug 22, 2009 11:41 AM