There are simply not enough homes for sale for all the people who wish to live in this area. More buyers than sellers mean prices go up and homes go to the highest bidder. If you have ever thought about selling your home now is a great time in the real estate market to take advantage of this opportunity. This won't last forever and quite frankly it shouldn't. It isn't always healthy to have too much of a run up in any one sector of the economy as this could potentially result in a market correction.