Okay, so now I'm up to four multiple bid situations in two weeks. Still don't know whether my buyer got the property.
I was contemplating this situation, and have concluded that it indicates that buyers are indeed out there. They've just been waiting for prices to adjust -- which in some segments they have. Two of my multiple bids have been foreclosures. Another was home on a large lot in a popular "scraping" neighborhood. And the fourth was a family home in an established, suburban neighborhood.
At any rate, it strikes me as a good indication of the direction of our market!