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OCONOMOWOC — Low inventory of homes for sale has led to prospective buyers in Lake Country to either dramatically increase the attractiveness of their offers through heightened purchase prices, waiving contingencies or playing the waiting game until they get lucky.

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WAUKESHA — With a robust housing market and fierce competition for single- family homes, some buyers and sellers are turning to a temporary living arrangement to help navigate the process: renting.

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It’s a race for inventory in the housing market this spring. Properties last month typically sold in 18 days, a record low, according to a recent report from the National Association of Realtors.

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Not only were people buying more houses in the four-county metro Milwaukee area during January, they were paying more for them.