Many areas still are in good shape despite media negativism. "The market" is spread over 50 states and tens of thousands of towns. Currently some markets are suffering, some are stabilized and a few are still very hot. My market is probably what would be best described at stabilized with prices remaining about the same as last year. This year alone, however, I have seen bidding wars on three of my listings. Certain houses are very hot due to a combination of factors, that old "location, location, location" axiom, the amenities offered in the home, or even just the style of home.
Without knowing more about the house it might have even been offered at below market value and the multiple bids might have driven it closer to market value.
RE/MAX Bryan-College Station