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A tight-supply market with no rental pool to price against. Demand is visible here; the rent math is not.
What would change this read: the median listing price is +1.5% YoY. inventory, −20.6% YoY, is the number to watch.
The median listing price is up 1.5% YoY while the median home got up 2.6% bigger, so value per square foot is up 5.4%.
County population is up 1.2% to 2,478,600: residents under 18 are down 0.2% and those 65 and over are up 3.2%.
County median household income is $93K, 10.6% of residents are below the poverty level, 12.3% work from home.