HOUSINGNEWS REPORT
MY TAKE
“June is the top month for annual sales in all but two of the six years examined while January had the least percentage of sales across all six years.”
U.S. EXISTING HOUSING SALES SEASONAL ITY — CLOSINGS PER MONTH 2011 2012 2013 2014 2015 2016
AVERAGE MEDIAN
JANUARY FEBRUARY
5.79% 5.93% 8.14% 8.80% 9.17%
5.58% 6.16% 7.73% 8.59%
5.72% 5.98% 7.61% 8.92%
5.69% 5.71% 7.19% 8.55%
5.35% 5.61% 7.71% 8.55% 9.42% 9.59% 8.96% 8.45% 6.68% 8.30%
5.54% 5.76% 7.72% 8.62% 9.63% 9.89% 8.91% 8.16% 7.67% 8.02%
5.6% 5.9% 7.7% 8.7% 9.6% 9.7% 9.9% 8.6% 8.4% 7.5% 8.1%
5.6% 5.8% 7.7% 8.6% 9.6%
MARCH
APRIL MAY JUNE JULY
9.62% 10.10% 9.58%
10.32% 9.94%
9.83% 10.25% 10.89% 10.67% 10.3%
10.3%
9.03%
9.24% 10.20% 10.01% 10.49% 9.41%
9.7%
AUGUST
10.06% 10.22% 10.18% 9.71%
10.0%
SEPTEMBER OCTOBER NOVEMBER DECEMBER
8.66% 8.05% 7.86% 8.19%
7.99% 8.61% 8.27% 8.03%
8.39% 8.33% 7.12% 7.61%
8.83% 8.98% 7.11% 8.37%
8.7% 8.4% 7.4% 8.1%
June is the top month for annual sales in all but two of the six years examined while January had the least percentage of sales across all six years. May, June, July and August, one-third of the months, accounted for four out of every 10 sales (39.6 percent). Meanwhile, October through March (one-half of the year), represented just 43.1 percent of transactions
the same summary statistics for two colder-weather climates, Boise and Minneapolis, and two warmer weather destinations, Orlando and the Phoenix-Mesa-Scottsdale metro. Orlando, the warmest climate of the four, has a more uniform spread of housing sales with no individual month entering the 10 percent range. It also had the greatest level of sales in December at 8.66 percent (average) and 8.46 percent (median).
Not surprisingly, Minneapolis, the coldest climate of the group, had the fewest January sales at 5.19 percent (average) and 5.21 percent (median). Just as with the number of sales, median prices also track seasonal patterns. The graph on page 16 shows U.S. median home prices monthly for the 2014 through 2016 time period. Despite the ongoing trend of rising prices during this term, there is a pronounced seasonality effect in
How does this vary across the country? The table on page 15 shows
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OCTOBER 2017 | ATTOM DATA SOLUTIONS
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