It’s the same way here in Charlotte.
Months before any Covid news, I started planning on listing my home and starting a custom home build. When it was time to list, Covid happened and the stock market crashed. I was having 08 flashbacks.
My realtor had a ton of rentals on Air BnB which grounded to a halt. Listed my home, sold within days. Made money, and only paid 2% in commissions. People were panicking. I was happy.
Fast forwarded months later, and pricing has jumped even higher. Homes are selling same day, over asking, and buyers paying closing. It’s madness.
Used car prices are through the roof, and selling as soon as they are listed.
I don’t see this slowing down anytime soon, unless the whole market tumbles.