Supply is permanently constrained. Tight zoning, a finite geographic footprint, protected historic districts, and limited new construction mean inventory can’t meaningfully expand. Meanwhile, demand is supported by a high-income workforce, strong cultural draw, and lifestyle appeal that has proven durable across economic cycles. When a desirable home comes to market, there’s almost always more buyer interest than supply can satisfy. I help buyers understand exactly where competition is heaviest and where the openings are.