The low inventory is partially due to this.

Low inventory and even lower interest rates have pushed prices upward!

@Josiah SantillanaWhile the market value continues to increase due to low inventory, whether or not it is a good time to buy is relative to your goals. 

• Single-family home sales increased for a fifth consecutive month, surging 29.2 percent year-over-year with 9,287 units sold• The Days on Market (DOM) figure for single-family homes lowered from 59 to 47 days• Total property sales shot up 31.5 percent with 11,232 units sold• Total dollar volume jumped 46.1 percent to $3.5 billion• The single-family home median price climbed 11.1 percent to $266,685 – the highest median price for an October• The single-family home average price increased 12.4 percent to $334,996 – the highest average price for an October• Single-family homes months of inventory registered a 2.4-months supply, down from 3.8 months last October and below the national inventory level of 2.7 months.

It seems the trend of most companies that advertise on BP or are guests on REI podcasts are either turnkey or emailing inventory once a week that disappears in 30m.

AUSTIN, TEXAS MARKET* Low Inventory (Little supply, high demand)* Sellers Market* Average Housing Price over $320K (Expect prices to continue to climb in 2021 due to low inventory) (Median price has increased over 14% in the last year) About $400K inside the Austin city limits.* High Property Taxes* Multi-offers, be prepared to offer way over asking price* Low to Negative Cashflow* Great AppreciationIf you've got the funding and resources for this market, go for it.

https://www.bizjournals.com/lo...Probably  a good thing, inventory very then currently. 

It looks to have an inventory of about 5-6 months, and the population hasn't grown much in the last 30 years (about 85k) so I can't imagine a lot of people are moving in and buying.

With inventory being low and people emotionally purchasing in our area, we played with the idea of buying something smaller for a year and renting it out after. 

This market (PNW) is particularly tough to wholesale in as the shortage of inventory makes it easy for owners to sell properties in just about any condition.