There were a couple thousand homes burned in forest fires year before last. Combine that with the already low inventory and people fleeing California and prices are nuts here. I don't see it changing drastically any time soon.
Most homes are being sold sight unseen other than the listing pictures and are going for $25k - $50k (or more) above the asking price. Cash deals and buyers are waiving any inspections, buying as is.
Buddy of mine over on the coast in Seal Rock just sold his place for $40k over asking and had a back up offer come in of $60k over.
Interest rates don't mean anything to someone with cash.
