The type of real estate market that was seemingly reserved for one of the coasts or some booming metropolis has likely now spread to your neighborhood. Houses that might have taken a couple of months to sell only a few years ago are now being snapped up in days â or even hours â as buyers are anxious to take advantage of historically low mortgage rates at the same time thereâs a tight supply of houses. Itâs a phenomenon thatâs occurring across most of the country, including the Michiana region where the median sales price for some homes has jumped by double-digit percentages in the first four months of this year compared to the same time last year.