There is a .9 correlation between the M2 money supply and median pricing in the PPAR region over the last 26 years through October.

Here’s a snapshot of the last 26 years of volume of sales and average pricing. We hit an all time high in May of.

We closed out November 2022 with the sharpest November to November decline in the last 26 years, closing 55.1% of the number of sales.

As we close in on the end of November, let’s take a look at the sales volume for the month. What you see below.

We are tracking about 47.5% under last year’s volume of sales right now. I suspect we will close out around 40% down. These rates.

This time last year we were tracking 781 sales regionally. Month to date, we are at 369, for a sales volume that at 47.2%.

As of 28 October 2022, we are down about 42% in the PPAR region for volume of sales.