Seeking advice on next purchase

[Steve Proia]

I we are currently in a local market that had no inventory and the prices are up over a 100k from just 6 months ago. We are ready to buy and hold with the brrrr method. It’s obvious tough to do since everything is so over priced but who knows when the prices will come back down? So what to do? Wait it out or search further away? What do you all suggest when your market is like this?