May Home Sales: A 4 year comparison.

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.