I moved to Nashville a few months ago. The markets are almost the same in regards to how fast things sell. I had to offer full cash, just shy of asking price, which they took immediately. I didn't want to go into a bidding war with 20 other jackasses.
interestingly enough, I just did a cash out refi and the house appraised for $60k more than what I paid 2 months ago. If I didn't have the option to do it in cash, I wouldn't do it at all right now. Prices are silly.
This market is not sustainable, wait until the bottom falls out in 2 years and jump on whatever house you want.