Bubble in the making? Seasonal "uptick"? or simply supply & demand?

Home prices continue to inch higher & higher, but in all but 7 states (those in darkest blue) the average home price has yet to reach "peak pricing." Those seven states in darkest blue reflect the state's current market is their price peak.  

At least here in North Texas, our fundamentals remain strong, inventory remains low, & for many buyers there is little relief in sight.