Thermal modification of spruce wood (Picea abies L.) was conducted at three different temperatures (160, 200, and 240 °C) and treatment times (1, 3, and 5 h). The cyclic sorption experiments were performed for relative humidity changes of 30 to 85%. The equilibrium moisture content of the thermally modified wood was reduced up to 50% after treatment at 240 °C for 5 h. The sorption isotherms were described with the Guggenheim, Anderson, and De Boer (GAB) model. Cyclic sorption increased the monolayer capacity. Thus, the monolayer sorption was increased, while the multilayer sorption was limited. The dependence of the mass loss, hysteresis loop, and the maximum difference of equilibrium moisture content on the modification temperature and duration was modeled by response surface methodology. There was a very strong correlation between the modification temperature and mass loss, while the relationship between treatment time and mass loss was insignificant. The correlations between the modification parameters and the descriptors of sorption hysteresis were stronger after cyclic sorption. The sorption hysteresis decreased after cyclic sorption. This result was mainly caused by the increase of the monomolecular sorption for the adsorption processes.