Realtors say more homes drawing multiple offers

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According to a USAToday piece, the market in states such as California and Florida have picked up, with about 10% of listings receiving multiple offers, up from one in 30 last fall.

"When you begin to see people willing to fight for a property, that's a good sign," says Beth Peerce, treasurer of the California Association of Realtors (CAR). "We are beginning to see the beginning of the end of a disaster time."

Most of the evidence in the article is anecdotal, but the states mentioned include Arizona, California and Florida, all three of which have some of the highest foreclosure concentrations in the country.

Notably absent was any mention of Michigan or Ohio. Cleveland saw home prices drop 5% month over month in the latest Case Shiller data.

The NYTimes had a smiliar article focusing on the Sacramento market, one of the hardest hit in California, but also one of the more affordable.

Brett Widness is an editor with AOL's real estate channel. Find homes for sale, foreclosures, home values, home finance and apartments at AOL Real Estate.
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