Beamer.. I'm sure if you're able to put in those kind of bids, you'll eventually get something. Like getting a "good job", owning a home is one of those things we're told to do in overt & subtle ways our whole lives, and then when the time comes and it's not possible, you feel angry, cheated, impatient.
I bought my house in 2010 and right after that, the area started getting hot (very urban/walkable area.) But now, it's just silly. It's a small house and we're ready to get some more space and not have so many neighbors around. Even though we could probably sell for good money, everything else has gone way up especially bigger places with yards. So while it's good that I won't have to get this place in "HGTV" condition to sell, I also think I'll wait until the pandemic is mostly over (if that ever even happens at this point) and hopefully the market calms down. I tell this story because I think part of why prices are so high is that even though the market seems crazy, I would think not a lot of people are selling - who wants to be moving now unless you really have to? But have no numbers etc. to back that up. Good luck to all out there.