The answer is yes. Wood can be brought to a point of relative stability, but the environment in which it is placed is not stable. Invariably wood will continue to lose moisture from years of being indoors. What is more significant is that wood will continue to change with seasons. Wood will gain or lose moisture according to the moisture content of the air.
Summer provides high moisture, while winter means low moisture and contraction.
A piece of furniture purchased in a high-moisture area such as London, England and brought to a drier environment such as New York or Toronto often will start to fall apart through contraction. There is no mystery to some pieces falling apart. Stress to all the glue lines causes the piece to sometimes come unglued. The first rule of shrinkage is that all woods shrink across the grain. The second rule is that all wood will continue to shrink to some degree after being employed in furniture construction.