I say we are about halfway there. When a house goes on the market,before it gets listed on the MLS,realtors from the listing company will see it first,hence so will there friends and contacts. If I want to sell my house myself I can’t put it on the MLS. So the big difference is really that you can now shop from the comfort of your own computer. I found zillow to be good at telling whether something was permitted,and there are even direct sites to look that stuff up on for free. I saw a house in city heights that is over 80 years old that someone paid over $400/sq.ft. so there are definitely a lot of crazy buyers out there.