If a property is in contract and has been in contract since September, yours is not an offer. It is a back-up offer. In other words, if the property falls out of escrow, you might then be in the next position. However, what sometimes happens is that if the property falls out of escrow, the marketing begins again anew and you would have to go back into the pool and re-submit. Hence, you basically have no position. Actually,your realtor is correct. If they have an offer, the bank may not approve of taking other back-up offers. Most likely you might have spoken with someone in the office who probably should not have given out information as they may not know too much about the transaction. You should find another comparable home and you should have your realtor continue to check the MLS (or whatever is comparable in your area) on a daily basis to see if this property becomes available.