Well, I'm not in the US, but.....
The housing market up here in the Greater Vancouver Regional District has skyrocketed, and continues to do so. My area in particular has succomed to vastly over-priced housing. For example, a three bedroom house on a standard lot 20 minutes away from us goes for about $500,000. That same house here in White Rock/South Surrey goes for $800,000 !!!! And I am talking the exact same house....only difference is location. We are in a very desirable area, close to the water, a lot of more upscale homes...and so the housing prices are absolutely rediculous.
We live in a townhome. 2000 sq ft, 9 years old. I could put it on the market right now for $390,000 and I would have three or four people in a bidding war on it. It has happened recently to 3 units in our complex.
And they sell within a month of being listed.
Jami, looks like you need to move up here!