October 2022 Month to Date by Volume of Sales
As of 28 October 2022, we are down about 42% in the PPAR region for volume of sales.
Where are we for October 2022?
Nineteen days into October 2022, we are tracking significantly below where we were at this time last year…about 60.3% of the volume of sales to this day of the month last year.
Where did Sep 2022 close out?
September 2022 closed out at just over 2018 volume of sales. This was better than I expected considering the prior months activity. Rate shock normalizing a bit?
4OCT22: State of the Market
Assuming the M2 holds on par with the last several months, there is a .903 correlation (R2) to the median pricing in town and a .869 to average pricing. Interest rates to M2 are .665. Interest rates to median pricing is .457. Interest rates to average pricing is .407. What does this all mean? Follow […]