Despite the 30% increase in number of new listings, September is not particularly special when it comes to the number of sales that take place.
When we look back at the historical number of sales in September compared to August, the average increase in number of sales is only about 3%. That’s the same as it what the average is for all months in the same period.
If we look at the chart below that shows the August to September percentage change, we see that the last couple of years have been even flatter, with only about a 1% difference in September from the number of sales in August. We’ve even seen a few years (2012, 2007, 2006, 1998-2001) where September saw LESS sales than August.
Despite the big bump in new listings, we would say that when it comes to the number of sales, the September market is NOT a real thing. We see about the same sales in September as in August.