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The real estate market cycle: to everything there is a season

August 19, 2010 By 3 Comments

Episode 245 of the Toronto Real Estate Musing daily video blog. Did you know the real estate market follows a seasonal trend?

January and February tend to be slow months due to chilly weather. After March break, real estate sales tend to pick up steam until June, and then subside over the hot summer months. In September, sales pick up slightly again before the winter begins.

Looking back 14 years, through good times and bad, the number of residential home sales recorded by the Toronto Real Estate Board (TREB) appears in this consistent wave-like pattern year after year. 2009′s overheated market was the exception to this rule.

Real estate is cyclical, and George O’Neill does believe sales will pick up again in September, in The Beach.

Related posts:

  1. The real estate market starts to pick up in The Beach
  2. Toronto Beaches real estate market update, August 1, 2010
  3. Toronto Beaches real estate market update, August 22, 2010
  4. Toronto Beaches real estate market update – August 15, 2010
  5. Toronto Beaches real estate market update, August 8, 2010
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Comments

  1. Wade Graham says:
    November 21, 2010 at 2:58 pm

    Great Post George. Out here in Alberta we tend to see things go down wards a little sooner as our winters are little longer but I totally agree with you. Winter is a great time to be a buyer and a horrible time to be a seller!

    Reply

Trackbacks

  1. Tweets that mention O'Neill Real Estate Limited, Brokerage -- Topsy.com says:
    August 21, 2010 at 8:44 am

    [...] This post was mentioned on Twitter by O'Neill Real Estate, O'Neill Real Estate, Paul Viau, Paul D M Reynolds, ilovecommission and others. ilovecommission said: @GeorgeONeill makes a great point about seasonal pattern of real estate sales. Useful to know ahead of time & plan. http://bit.ly/9aoxwD [...]

    Reply
  2. The real estate market starts to pick up in The Beach | O'Neill Real Estate, The Beach, Toronto says:
    September 8, 2010 at 10:32 am

    [...] housing market appears to be making a modest rally. George O’Neill explains why. Real estate markets follow seasonal trends. Just as September means kids head to school and the days become shorter, it usually also means [...]

    Reply

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