The graph above indicates that we saw a slight sale increase from the previous year. As with any market, there are countless factors that could have had an impact on this small growth. Here are a few possible reasons:
1. The increase in sales could be correlated to a late (and harsh) winter. The market may be catching up from the slow start to the spring market; which can be attributed to the prolonged winter. I think Ryan Donnellon made a good observation of this past winter, "I compare winter to be the Justin Bieber of Seasons; it was kind of cute and exciting when it first started out. Now it's a bit obnoxious and should just stay in Canada."
2. Prices were down from the previous year. Median sale prices were down from $189,700 May 2013 to $171,000 May 2014.
3. Or, the continued upswing in sales could indicate a steadily growing market.