All I can say is "Wow". We are down to 1.5 months of inventory and you can feel it. There are still good deals to be had on the edges of the market, but if you want a single-family home in the urban core between $300-550K the competition is fierce.
One exception is the higher end condo market. Demand for close quarters is waining, and the demographic that was seeking out luxury condos has been largely absent. Check out the details in the report.
Please let us know if you have questions about any specific area and/or price range.