Robert Kitchen of NUIM did a great post on people talking up the market. He stated that “What the data shows is that housing unit sales are relatively consistent over the past three and a half years, except for a brief surge at the end of 2012“.
As a person who trades in this area I don’t share the view that it’s totally consistent, there are peaks and troughs as seen in the graph from that blog.
He also states that “The first six months of 2013 are very similar in pattern to 2010. In fact, in the first six months of 2013 only 273 more units have been sold than the first six months of 2010. The data does not suggest then that there has been a bounce back in market activity to any significant degree”.
I suppose that comes down to what you call significant, if you are looking for any trend activity then take a look at …