Potential buyers are facing a real estate rush in the red hot housing market in the Philadelphia region that is radically changing the playbook, write Nydia Han and Heather Grubola for 6abc.

The market is recording historically low interest rates, skyrocketing home prices, and low inventory – particularly in the suburbs.

So if you are looking for a home in Montgomery County, expect to pay 23 percent more than last year. For Chester County prices are now up 20 percent, while in Delaware County the difference is even starker at 37 percent. Additionally, homes are selling more than 80 percent faster than they were.

These market conditions are causing buyers to make decisions in suboptimal circumstances.

Instead of having an hour at showings, buyers now have to look at the entire home in minutes. Offers sometimes have to be made within hours, and they usually have to be above the asking price. Buyers also frequently have to forego home inspections.

This is why some financial experts are warning that sometimes it is better to walk away.

“Making the biggest purchase of your life under duress is rarely the recipe for success,” said Greg McBride of Bankrate.com.

Read more about the housing market at 6abc.