It’s not inflation exactly, because of the influence of lower interest rates, but in my neighborhood houses sold for around $250/square foot last couple years.

It’s not inflation exactly, because of the influence of lower interest rates, but in my neighborhood houses sold for around $250/square foot last couple years. My neighbor just sold her house for $365/square foot. There is a measure of the balance of supply vs demand where 100 is an equal number of buyers and sellers. More sellers < 100, more buyers > 100. My realtor just told me it typically bounces between 80 and 120, but right now it’s 350. She’s never seen it remotely as high.