In a word, I’d say “yes,” but with the caveat that while I believe residential real estate is nearly always a sound investment, whether it’s the right investment at the right time is a highly individual decision.
I think the most important question to ask is “Why?”
What’s your motivation to buy? Is it because you’re in a job you love and a community you love and you want to settle in for a while? If that’s the case, then investing in a home now is likely a good plan. But if you’re thinking you’ll move in a year or even a few, renting is probably a better option than buying when the market is still high.

Tips For Buyers
In my opinion, the housing market is likely to stay in favor of sellers for a while. Given this, here are a few tips to make the process a little less stressful:
Work with a good real estate agent. In the spirit of full disclosure, my wife is a real estate agent, but this isn’t simply a bias in her favor. In a heated market, an experienced agent will know about homes as soon as they come to market and have insight into how neighborhoods are trending. And while no one can predict when a market is topping out or about to sink, good agents know the nuances of price velocity and sales volume well before this information is reflected in housing reports because they’re deeply connected to this daily, whereas housing reports are typically 30 to 60 days behind.