Year in and year out, the real estate market changes, from the glut of foreclosures a few years back, to the tight inventory we’re currently seeing. These long-term changes can be dramatic, and hard to anticipate. However, there are other more predictable (albeit smaller) cycles in the real estate industry, cycles linked with the calendar year.
In this video, Tom Iovenitti talks about this sort of trend. For example, it might surprise you to learn why condo sales tend to be higher in September and October, or that more sales of expensive properties occur later in the year.
As we approach the holiday season (a notoriously slow period for the real estate industry), and start planning for next year, it’s good to take a step back and look at the big picture, so your business can ride the waves of the industry rather than try to paddle upstream against the current.
