When you have too much money chasing too few properties, what do you have? You have the San Francisco real estate market. Due to a confluence of events, and perceptions, the real estate market in San Francisco is turning in favor of sellers.The two major events in the San Francisco real estate market are a surging, nascent tech industry, plus its attendant IPOs like Yelp, along with a surge of Chinese money making it's way into the United States. See this link from USA Today for a full discussion of Chinese buying: http://tinyurl.com/cyuom4t .  San Francisco is one of the top destinations for Chinese money. The major perception, or mis-perception, within the local real estate market by sellers is that the recent and imminent IPOs will generate a few thousand new millionaires thereby exacerbating demand and driving prices up further. Unfortunately for these sellers’, there's a new kid on the block, it's called the secondary stock market. Many of the paper millionaires have already cashed out all or some of their stock in the secondary market and they're onthe market for homes now. See this link from Business Insider for more details: http://tinyurl.com/6m23zv8. With incredibly low inventory, multiple offers are once again the norm. This is true in the best neighborhoods, i.e. those with the best school districts. When we say multiple offers, we’re not talking 3, 5, or 7 offers. No, we’re talking 10, 20 and 30 offers. To all you potential sellers out there, it's time to rethink your strategy.