Is the Real Estate Market Seasonal?

I am curious if other agents are seeing any differences in activity for their particular market in relation to season. When IBA Realty Group first started listing and selling Big Canoe real estate, we were told by established agents to expect a big slow-down once the leaves dropped from the trees. Once the more inclement weather of winter settled into the mountains, we were told everything pretty much shuts down until the daffodils of late February and early March let us know that spring is not that far off.

For IBA, this pattern has not been even close enough to score a near miss. So you have a point of reference, peak leaf season for Big Canoe is roughly late October through the first week of November. Keeping that in mind as well as the fact that 2007 has been off by about 30% compared to 2006, we were not expecting anything spectacular for late fall. On the contrary in the last 3 weeks, IBA has either closed or put under contract over 2 million in Big Canoe real estate. Additionally, in 2006, we were busier in the dead of winter than we were in late summer. Are any of you seeing similar trends? Are you seeing seasonal patterns?

Let me know your thoughts - and thanks!

-Karin

IBA Realty Group - Serving North Georgia's Community of Big Canoe