Yes, insane.
Here in the Boise area, where BK was as well, so many people are moving here there is literally no housing avaliable....nothing! The new homes being built are way overpriced, higher per sq foot that California due to need, low interest rates and material costs. Those who already live here don't dare sell. If they do, they'll get a super price but won't find anything to move to and if they did, it would be far smaller for the same price.
I am also a real estate agent and times are very difficult (unless you sell for a builder), no one is selling.