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The Lech Report

Let's Play a Game of "Supply and Demand" 
December 6, 2017 courtesy of CSMAR Past President, Chuck Lech
File:Basic supply demand.png

Let’s play a little game today.

I am going to give you some data, on inventory and sales levels, with comparisons to last year.

I will compute how long this inventory should last, based on the current level of sales.

Then you will use that information to make your estimate as to what you think should be happening to prices based on these factors.

OK, let’s begin with the Conejo Valley.

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