It's ridiculous that real estate agents are still fanning the flames by claiming low inventory. Lots of empty houses and condo units as speculators bought, then flipped. A friend has been tracking condo listings as they were thinking of moving back to the area. Over the past 6 months they have seen multiple units on the market, then gone, then back in a month or even  a week at 50-100k more than the previous listing. Only way this is a money maker is if someone is not actually living in a "principle residence". And the selling data is no longer available - how is that? In our condo last week, the annual notice "no short term leases or sub-lets" is back up as students go back home for the summer and absent  far away owners try to milk the property even more.