Does Temperature Affect Home Sales Volume and Price?

Verdant landscape, lush greeneries, colorful petals in bloom, waltzing pollens in the air, rolling streams of water, birds’ and insects’ symphony and cacophony…nature’s reverie when the days are longer and the nights, shorter.

A study of human behavior signifying mood changes as the weather changes is noted in Winter Blues and Weather can Change your Mood by Dr. John Grohol.

Grohol refers to the link and relationship as Seasonal Affective Disorder(SAD). Ironically, the clinical acronym of the disorder depicts the disorder’s characteristic itself. According to him, this is a common affliction among the people in the northern climate.

Does this explain why real estate market shows weaker performance as the temperature drops in Connecticut?

The meandering flowed simultaneously with the sights of barren trees and blanket of brown leaves on the ground. Such is a picture of melancholic scenery.

The theory or postulation by Gohol prompted me to establish the correlation between the weather and home sales.

Below is the statistics as reported and published by Connecticut Multiple Listing Services (CTMLS).

Source: CTMLS, Inc. 2011-2012, CTREAL.com

The data above show that the second and third quarter of the year 2011 and 2012 performed better in terms of median price and volume compared to the first and last quarter of the corresponding year for single family residential homes. However, condo’s  data showed different pattern..

Perhaps, the buyers’ and sellers’ motivation could have been diminished due to many encumbrances that come with the cold weather… which could predispose some of them into delaying the intent of moving until the advent of spring.

For the rest of them, it is come cold and hot weather.

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About Maria Gilda Racelis

I am a full-time realtor and a no-nonsense individual when it comes to rendering services to my clients. I take my job and the responsibility it entails seriously. My clients come first. I ensure that they know and feel I am working for their best interest. However, I do not carry out tasks to compromise my principle. I conduct my business with pride, honesty and integrity. I will do whatever it takes to meet their goals while adhering to my principle. "And the connection I make with the clients throughout the process, that to me is how I define success." Buying and selling homes can be very stressful. It is my job to make the process easy and fun as can possibly be for my clients. I take personal gratification from the smile on the faces of highly satisfied clients. I have amassed 100% positive and rewarding testimonials from my clients after many years of experience in real estate business. To enhance competency in the field for my clients' benefit, I continually seek to further my knowledge and expertise. With this in mind, I hold the following designations and expect to add more as the need for them arise. If you are looking to work with a competent professional realtor who will put the best foot forward for your best interest, you have just read her profile. I am always available to listen to your concerns and questions. Please do not hesitate to contact me anytime.
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