Our agreement is that we split profit 50/50, I supply the funds, he supplies the labor.

Still only a 2 1/2 month supply, could drop well under two months if sales increase now that they have open houses again  A total of 2,903 single- family houses traded hands last month, 7,815 houses were on the market without offers at the end of June, down 0.5 percent from May

There are also lots of restrictions with HOA but if you understand the rules and what you can and can't do the rest is just supply and demand.

Long story short, had to scramble to unwind the deal with less than 2 hours left on my finance contingency by the time the lender supplied the required letter saying they can't fund the loan and almost lost my ~$12k EMD because they cleared my condo docs to closed without reviewing it.

The lack of supply of rentals that allow pets makes the length of stay longer for tenants with pets. 

There is far more demand than supply and people from California and other states keep moving here and they are snatching up the houses as soon as they hit the market.

Institutional\Wall Street companies are also driving up SFH, too, by reducing supply and selling them over and over to each other for a profit. 

The other thing to remember is housing prices are the result of supply versus demand.

@Maria D'Aura When it comes to self-storage, it's all about supply and demand.

The market has been hot.. then COVID hit and it sort of paused.. and now we're dealing with very little supply and bidding wars.