Updated July 11 2018
a) Only by looking at a 10 year slice of time (even though 2008-2017 was almost-throughout [i.e. Q3 & Q4 of 2008 and Q1 of 2009 excepted] a dazzling Price-Up, Sellers’ Market) to gain perspective on how our subject month is performing (or, as the late, great Murray Jones, AACI, would say “What does the data suggest …”).
Please review the 5 charts below …. all show a “reasonable” June
b) Seasonal Adjusting of Monthly Real Estate Sales info. I object to tinkering with the monthly Realty Sales & Price data in an effort to create “smooth or smoothed” results -because we humans are just not good-enough at algorithms to make the past into the future (now matter how-noble our intentions) and I’ll use two examples the Flu Vaccine – it never has the right combination of ingredients for THIS year’s strain and just as the weather of January may be similar to the weather of its following February or preceding December, (and portions of July might be like portions of June or August) … each month’s weather has so many nuances and influences and variables that it really should only be compared to itself. –
Special thanks to Mr George Klump at the CREA for providing BOTH!! CREAstats ARE an amazing body of work each 15th-of-the-month – ALL the Canadian boards collected, co-related, harmonised, formatted, analysed, graphed and published in 2 weeks!!