Strong Buyer Demand Continues to Outpace Inventory of Homes for Sale

As you might guess - Seller supply is "weak" in California... Home prices continue to rise. The price of any item is determined by the supply of that item, as well as the market demand. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS Confidence Index.