Multiple offers through out the Bay Area, except the South Bay. There are bidding wars in the East Bay.

As for the Bay Area real estate market, there is low inventory and low sales volume. Sellers are waiting for better prices, and buyers are waiting for better inventory. So in the middle of the summer, the market is staying quite still. I am thinking that things are going to change soon. 

As of June 2011, The median price in Alameda County is $400,000. 

Compared to last year, the numbers are still down almost everywhere except Marin and Santa Clara counties. But most of the past year's loss came in the last five months of 2010, right after state and federal tax credits expired. Recent findings have been more hopeful, with prices rising for the past three months. 

There seem to be multiple offers everywhere except the South Bay. Three out of four East Bay transactions are now bidding wars. The same is true of San Francisco and the Peninsula, especially in areas like Cupertino where schools are strong.