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Home buying activity (demand) is up, and the number of available listings (supply) is down. When demand outpaces supply, prices appreciate. That’s why firms are beginning to increase their projections for home price appreciation going forward. As an example, CoreLogic increased their 12-month projection for home values from 4.5% to 5.6% over the last few months.

Read all about it here: https://www.simplifyingthemarket.com/en/2019/11/07/forget-the-price-of-the-home-the-cost-is-what-matters/?a=93170-17b0451a00d78ab5718e77db0f66713b

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