Updated September 2026. Transaction volume may improve price discovery and liquidity, but correlation does not prove that volume causes better returns.
A reproducible volume-performance study
- Define the project universe, dates and minimum volume threshold.
- Control for project size, age, tenure, unit mix and location.
- Measure liquidity, price dispersion, holding periods and realised outcomes.
- Compare high- and low-volume groups across multiple market cycles.
- Test whether conclusions survive alternative thresholds and exclusions.
High activity can reflect popularity, project size, turnover or distress. Use current matched evidence and avoid treating volume alone as a future-performance signal. Request a project-specific analysis.