Seasonality
MMI seasonality — Marcus & Millichap, Inc.
Over the last 11 years, MMI's strongest month on average has been November (+6.4%) and its weakest September (-4.7%).
Average return by month
Month-by-month statistics
| Month | Avg | Median | Up % | Best | Worst | Yrs |
|---|---|---|---|---|---|---|
| Jan | -1.43% | -1.94% | 30% | +15.3% | -12.8% | 10 |
| Feb | -0.89% | -2.69% | 40% | +6.2% | -9.7% | 10 |
| Mar | -3.30% | -6.72% | 40% | +15.2% | -15.2% | 10 |
| Apr | -1.40% | +1.26% | 50% | +7.2% | -15.0% | 10 |
| May | -3.43% | -5.16% | 40% | +11.3% | -29.1% | 10 |
| Jun | +2.79% | +4.41% | 70% | +10.4% | -11.7% | 10 |
| Jul | +5.74% | +2.72% | 70% | +25.7% | -5.6% | 10 |
| Aug | -0.60% | +1.50% | 60% | +8.7% | -9.4% | 10 |
| Sep | -4.71% | -3.56% | 20% | +3.6% | -12.3% | 10 |
| Oct | +3.90% | +0.34% | 60% | +15.9% | -4.5% | 10 |
| Nov | +6.39% | +5.10% | 89% | +19.9% | -9.0% | 9 |
| Dec | +2.33% | -0.66% | 50% | +26.9% | -8.1% | 10 |
Monthly returns heat map — MMI
price return, %| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.3 | -2.9 | 0.7 | 4.5 | 1.6 | 10.4 | -1.4 | 3.0 | -10.1 | -1.6 | -0.9 | +1.7% | |
| 2025 | -0.3 | 0.8 | -10.5 | -11.8 | -5.2 | 6.6 | 1.5 | 4.6 | -9.9 | -0.5 | 0.3 | -6.9 | -28.7% |
| 2024 | -12.8 | -3.7 | -6.9 | -7.3 | 2.1 | -2.5 | 25.7 | 0.1 | -0.1 | -4.5 | 10.0 | -8.1 | -12.4% |
| 2023 | 5.2 | -5.2 | -6.6 | -2.0 | -6.7 | 7.4 | 16.4 | -9.2 | -11.9 | -2.2 | 19.9 | 26.9 | +26.8% |
| 2022 | -9.0 | 6.2 | 5.9 | -15.0 | -6.5 | -11.7 | 10.6 | -8.7 | -12.3 | 12.4 | 1.1 | -7.5 | -33.0% |
| 2021 | -4.0 | 6.0 | -11.0 | 4.8 | 11.3 | -1.1 | 2.4 | -1.4 | 3.6 | 15.9 | -9.0 | 20.1 | +38.2% |
| 2020 | -5.0 | -9.7 | -15.2 | 7.2 | -5.1 | 4.7 | -5.6 | 3.6 | -2.5 | 13.5 | 14.8 | 3.9 | -0.1% |
| 2019 | 15.3 | -2.5 | 5.5 | 5.8 | -29.1 | 1.0 | 7.6 | 8.7 | -1.6 | 0.7 | 2.9 | 1.3 | +8.5% |
| 2018 | 0.1 | -4.1 | 15.2 | -5.3 | 9.7 | 4.1 | 3.1 | -9.4 | -4.7 | 0.0 | 5.1 | -5.9 | +5.3% |
| 2017 | -3.6 | 6.1 | -10.1 | 5.0 | -6.3 | 9.0 | -2.9 | 2.9 | 2.5 | 5.3 | 12.5 | 2.0 | +22.0% |
| 2016 | -2.7 |