…For the fourth time in 5 years, the number of sales exceeded the 10,000 threshold. The
number of sales increased 3.4% to 10,508 from the prior year to the second highest level of
the decade despite declining inventory and historically tight credit conditions. For the past
three years, sales activity has remained remarkably consistent as the market settled into a
stabilized period following the onset of the credit crunch marked by the bankruptcy of Lehman
Brothers in the fall of 2008. The peak year for the number of sales in the decade occurred in
2007, reaching 13,430. The 2012 total was 21.8% below the decade peak. However the 2007
level was the top of the housing/credit boom, considered an anomaly rather than a normal
period of housing sales…