<prompt> Human: Searching for a first house in the Richmond, VA market. Inventory is very low, and prices are pretty high relatively of course, Richmond is still a lot better than other markets. Tons of buyers, and attractive houses go above list price in 24-48 hours. I know this is a national trend, so is there an end in sight?EDIT: Not asking to try to time the market, just wondering if people think the trends will change in the near future, mainly as relates to inventory. Why arent more people taking the opportunity to sell if prices are so high?EDIT2: Thanks for the input, clearly as a first time home buyer Ive never fully considered the sellers perspective. I just want a house, and someone needs to find a reason to sell theirs to me.  <response>: No one really knows.I bought a house in 2002 for 80K, with the expectation of selling it 5 years later for 102KI sold it 10 years later for 45KThe best thing to do is buy an appropriate house that fits your needs. Have no expectation of it going up it value. 