There is a plentiful amount of desperate Buyers and all good properties that have been on the market are SOLD and any that arrive on the market are under contract in no time at all.
Yes it's a Sellers Market are they are getting record prices due to the ravenous demand.
How long will this last? No one knows!
If you have been an investor and need to sell or you are considering putting a property on the market, now is the time to get an appraisal and do the sums.