In a Real Estate market most professionals will tell you they have never quite seen, a few points are very clear to me.
1. Areas once hard to sell in are now in high demand because of new attractions.
2. Many sellers are still feeling the effects of the housing bubble and crash years back. (Still trying to gain precious equity back). Other sellers are missing out on potentially great sales by not being aware of the market values or being concerned about finding another home.
3. Some buyers are missing out by not looking in areas where you get more bang for your buck.
Moral of these observations; awareness is king. Consult a professional!