Our beautiful city Fremont of Bay area is located in the best part of California, where home prices are driven by school districts and their API scores. In such areas the inventory of home for sale always remains low, because the properties don't stay in the market for long time. Most of the homes in Mission San Jose area of Fremont are sold with multiple offers in the very first 15 days.
Many buyers miss the opportunity of getting the homes that they like. At first they are not ready to pay high dollars because they yet don't have experience of keeping loosing the homes they like. By the time they realize the truth about the market place, it's too late, and then there are no more homes for sale that fits in their box of criteria.
People are busy with families and friends celebrating Holidays and they don't like to be disturbed., so they don't list homes around Thanksgiving, Christmas and New Year's time. Like many agents have explained low inventory in these days due to holidays. Houses over 1.2 mil or any price range homes inventory will increase right after the first couple of weeks of Jan 2014. This my experience in general over the period of 20 years watching the local market place of Fremont, CA.
But like Ali Qureshi suggested, get ready I would say be absolutely ready to make an offer once you find a home that meets 75-80% of your criteria. That includes finding your buyer's agent, Lender, your proof of funds, all decision maker available to target that goal of getting home in the time frame you want. Don't assume that you can go the listing agent and ask him/her to write an offer for you and you will win that bidding war. Those listing agents have their own buyers lined up with who they have established report and they will work with those buyers first.
An experienced, knowledgeable, skilled and passionate Real Estate professional can make it happen for you! Find and keep in touch with that agent who can help you achieve your home buying dream, which is single most largest investment we all make!
Good on your search!