What is going on with Lack of Inventory and Housing Prices in the Current Market?

[Greg P.]

Hello, I've noticed many people talking about the lack of inventory on their MLS including myself on these forums. Could someone with experience please explain if the market is going up? I've noticed that the housing prices are going up somewhat dramatically and there are less "deals" on the market. Many have suggested that doing direct mail may help, but still wondering if the MLS days are really over?