Ah, I see what you’re saying now, but that also goes to my point that new home construction elevates interest in an area and helps pull resales along with it.
Makes sense, though, that annual sales volume should increase as an area grows (and I said as much earlier). So, much of the growth is normal, but it would be unwise to assume it’s all natural. We all agree that sales volume was skewed upward during the bubble years, don’t we?