Here is some data backing up what I’ve been (mostly subjectively) observing. In particular, look at the skyrocketing median list/sale price (+10% YOY) and the YOY changes in sale price since ~2010. Also, medians are of course just an aggregate measure that does not tell the full story—low quality cookie cutter developments drag the medians down. Older homes in decent neighborhoods are even hotter.

[0]: https://www.redfin.com/blog/data-center/

[1]: https://www.zillow.com/research/zillow-weekly-market-report-...