Yes, homes are still selling and Yes most of them are selling in 7 days or less yet are they selling for more than the asking price? We have seen several price reductions after homes being on the market for over a week, we are seeing fewer offers on homes with some homes receiving only 1 offer.
Good time to buy? I would not give up on your search as it appears that you will be competing with fewer buyers which could mean not paying way over the sellers asking price.