There are multiple markets in the Bay Area and I am sure the percentage of multiple offers varies among those markets substantially. I do see some multiple offer situations, these happen when the home in question is clean, priced a little below market price and it is a type of home and neighborhood that has demand. I see a lot more homes that were initially overpriced chasing the market down. In other words the headlines blaring the news that prices are about to jump because there are hordes of qualified buyers bidding up prices is a crock. If you clean the place up and price it a little low you are likely to have a sale quickly and you may get multiple offers. If you don’t, you won’t. There are plenty of qualified buyers, they are for the most part well informed and often better informed than the agents representing them because they have been watching a particular neighborhood for years. Price it right if you want a sale.