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Figuring Absorption Rate--North Port, Florida

 

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

January=62

February=75

March=112

April=107

May=112

June=119

July=85

August=92

September=63

October=67

November=51

December=55

 

North Port listings sold in 2005 through the MLS=1040

January=54

February=53

March=99

April=100

May=94

June=91

July=101

August=102

September=112

October=78

November=78

December=78

 

North Port listings sold in 2004 through the MLS=612

January=40

February=52

March=72

April=79

May=73

June=88

July=64

August=56

September=64

October=75

November=58

December=68

 

North Port listings sold in 2003 through the MLS=579

January=26

February=35

March=54

April=50

May=65

June=55

July=52

August=57

September=57

October=46

November=34

December=48

 

Comment balloon 4 commentsShannon Moore • January 18 2007 12:13PM
Figuring Absorption Rate--North Port, Florida
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