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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:

Year
# of Sales
Median SP
April 30-Yr Mortgage Rate
1997
815
$350,000
8.14%
1998
889
$425,000
7.14%
1999
927
$449,900
6.92%
2000
1,043
$535,000
8.15%
2001
867
$540,000
7.08%
2002
1,176
$604,250
6.99%
2003
1,050
$675,000
5.81%
2004
1,060
$906,000
5.83%
2005
958
$970,000
5.86%
2006
847
$970,000
6.51%
2007
848
$975,000
6.18%
2008
587
$950,000
5.92%
2009
509
$801,000
4.81%
2010
726
$825,532
5.10%
2011
787
$844,617
4.84%
2012
849
$795,000
3.91%
2013
975
$880,000
3.45%
2014
839
$1,025,000
4.34%
2015
904
$1,139,258
3.67%

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/

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