Business Insider has a blazing headline this afternoon, “Springtime isn’t the best season to sell homes”. They’ve got lots of color charts to illustrate their point but, as is often the case with that rag, its reporter doesn’t ask the right question. If you’re looking for market activity, it’s the contract date that’s relevant, not the actual closing date, which often comes months later and is affected by school vacations and the like.
The only data I have easy access to is Greenwich’s, but I doubt it’s any different from the rest of the country. Here is the contract activity for the past three years – the numbers may have been greater or lower in other years, but you’ll see the trend remains steady.
Jan – March April – June July – September October – December
2012: 110 159
2011: 133 187 97 115
2010: 151 169 97 88