It is an inventory issue driving prices up. There are way more buyers then sellers. Around here, every home listed is sold in 24-48 hours with multiple offers every time. Our average sale price is not really that high compared to a lot of the country. I wrote an offer for a client the other day on a home listed at 180,000. We had an escalation clause that would take us to 205,000 and still did not get it. The market is just insane right now but I honestly think it is headed for a crash if things don’t change.This is something I still think about. I had a short stint in real estate just when prices started going crazy. I definitely agree that prices will need to come down. Luckily they’re not super crazy in my area depending on the neighborhood but I’ve considered getting a double for this reason. The only thing worse than the property prices are the taxes. Gotta love NYS