How does Supply and Demand Affect Prices for North Bay Homes?

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Supply & Demand and Prices

This chart shows the relationship between months supply of inventory – one of the classic measurements of supply and demand – with median sales prices for single family dwellings in the 3 North Bay counties. As the supply dynamic tightened, it led to significant upward pressure on prices.

This link shows the huge decline in inventory over the past 18 months or so.
North Bay Homes for Sale