Last week we saw the recent NSDCC sales history – how does it compare to previous years?
Here are the sales stats from the first four months of each year, going back to the beginning of the 2-out-of-5-year capital-gains tax exclusion – which helped trigger the ensuing bubble:
In spite of all the excuses – low supply, high prices, tough credit, etc. – this year’s sales count is the second highest of the last ten years.
Want to know the direction of the market? Watch the sales count – it reflects the changing combination of low supply, prices, tough credit, and mortgage rates. We have it good here!
Click for more local history: http://www.utsandiego.com/news/2005/dec/25/housing-boomed-in-north-county/