Seasonality
CBRE seasonality — CBRE Group
Over the last 11 years, CBRE's strongest month on average has been July (+8.8%) and its weakest March (-6.1%).
Average return by month
Month-by-month statistics
| Month | Avg | Median | Up % | Best | Worst | Yrs |
|---|---|---|---|---|---|---|
| Jan | +2.64% | +2.55% | 50% | +14.3% | -7.3% | 10 |
| Feb | +3.10% | +0.94% | 50% | +24.2% | -13.3% | 10 |
| Mar | -6.07% | -3.92% | 30% | +5.8% | -32.8% | 10 |
| Apr | +0.99% | +4.11% | 60% | +13.8% | -10.6% | 10 |
| May | -1.86% | +0.56% | 50% | +3.0% | -12.4% | 10 |
| Jun | +3.80% | +3.86% | 80% | +12.2% | -11.1% | 10 |
| Jul | +8.76% | +6.68% | 90% | +26.5% | -3.1% | 10 |
| Aug | -0.13% | -0.42% | 40% | +7.3% | -7.8% | 10 |
| Sep | -3.65% | -1.47% | 40% | +8.1% | -14.5% | 10 |
| Oct | +1.16% | +2.41% | 70% | +7.3% | -8.6% | 10 |
| Nov | +8.60% | +8.41% | 89% | +21.3% | -8.2% | 9 |
| Dec | +3.13% | +1.23% | 50% | +17.9% | -8.3% | 10 |
Monthly returns heat map — CBRE
price return, %| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.9 | -13.3 | -8.3 | 5.4 | -12.4 | 7.7 | 9.0 | -0.7 | -11.9 | 0.3 | 5.2 | -15.7% | |
| 2025 | 10.2 | -1.9 | -7.9 | -6.6 | 2.3 | 12.1 | 11.2 | 4.1 | -2.8 | -3.3 | 6.2 | -0.6 | +22.5% |
| 2024 | -7.3 | 6.5 | 5.8 | -10.6 | 1.4 | 1.2 | 26.5 | 2.2 | 8.1 | 5.2 | 6.9 | -6.2 | +41.0% |
| 2023 | 11.1 | -0.4 | -14.5 | 5.3 | -2.3 | 7.7 | 3.2 | 2.1 | -13.2 | -6.1 | 13.9 | 17.9 | +21.0% |
| 2022 | -6.6 | -4.4 | -5.5 | -9.3 | -0.2 | -11.1 | 16.3 | -7.8 | -14.5 | 5.1 | 12.2 | -3.3 | -29.1% |
| 2021 | -2.8 | 24.2 | 4.4 | 7.7 | 3.0 | -2.3 | 12.5 | -0.2 | 1.1 | 6.9 | -8.2 | 13.5 | +73.0% |
| 2020 | -0.4 | -8.0 | -32.8 | 13.8 | 2.5 | 2.8 | -3.1 | 7.3 | -0.1 | 7.3 | 21.3 | 2.6 | +2.3% |
| 2019 | 14.3 | 8.8 | -0.6 | 5.3 | -12.2 | 12.2 | 3.3 | -1.4 | 1.4 | 1.0 | 6.5 | 7.5 | +53.1% |
| 2018 | 5.5 | 2.3 | 1.0 | -4.0 | 1.9 | 3.4 | 4.3 | -2.0 | -9.7 | -8.6 | 8.4 | -8.3 | -7.5% |
| 2017 | -3.6 | 17.3 | -2.3 | 2.9 | -2.6 | 4.4 | 4.4 | -5.0 | 5.0 | 3.8 | 10.3 | -0.1 | +37.5% |
| 2016 | 8.4 |