Aussie thinking about buying real estate in USA

I don't see where anyone's mentioned that US real estate is at an all time high "seller's market" with many if not most listings selling for above asking price.

So be prepared to bid high, on an already high priced listing.

The last 1200 sf "distressed" property we looked at was listed at 90K and sold for 95.
We estimated it needed about 20-25K of work including a roof.
Houses in that neighborhood on 1/4 acre lots built circa 1999 are valued at 130-145,000.