We often get asked, "which months are your busiest". So I decided to research it and it looks like the most sales take place March-June. I also included a formula for figuring the absorption rate. Looking at the data it doesn't look like the "sky is falling" in North Port. There were 30 more listings sold in 2005 than there were in 2006. Not exactly a gloom and doom market in my opinion. Hope this helps to bring more optimism to buyers and sellers.
# of listings in North Port= 1,630 active listings
# sold last month from Dec1 -Dec 31= 55 listings sold
#sold (55) X 12 (months) = 660
divide 660 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 1630 = 130 weeks is the absorption rate or 2.5 years!
The Definition of Absorption Rate:
Number of weeks it takes to sell the current inventory at the present rate of sales.
North Port listings sold in 2006 through the MLS=1010
North Port listings sold in 2005 through the MLS=1040
North Port listings sold in 2004 through the MLS=612
North Port listings sold in 2003 through the MLS=579