Months of supply is the number that explains why: with so little active inventory relative to demand, sellers generally have more room to hold their price than buyers have room to negotiate it down.
Sales volume adds to the same picture. At 446 sales, running 6.6 percent above the ten-year average, demand is not just steady, it is above its own long-run norm, which reinforces rather than offsets the pressure from tight supply.
Whether that citywide trend applies to your specific house depends on its condition, location and any improvements a public record cannot see. Get your hand-reviewed valuation from Joel Dyck.