So no one is going to mention that this can be related to covid? That the massive shutdown of the economy for over a year had nothing to do with this. People were not moving and were staying in place. All those who did need/want to move were battling over the low inventory.

Many people who did not want to invest in the market were scooping up properties to park their money. Cash payer were getting properties over mortgages.

Now everyone is in a quagmire where while selling prices are high, they would need to spend that plus more to move. There were/are people willing to pay over asking by 10's of thousands for homes that did not merit this. Until the housing market calms down, and people can afford to buy/sell no one is going to move. Now with interest being so high, these high prices are not affordable. This may take some time, and the coming recession is not going to help either