Eight offers on one house for $900,000 in three days. What does this mean in isolation? There are also $900,000 houses in north county coastal with zero offers. The latter are, of course, overpriced.
I suspect, specifically because you are knowledgeable, that the particular house you’re helping your client with is a pretty darn good deal at $900; probably something that would have sold for something like $1.3 million not too long ago.
There’s a lot more I could conject here, but again, simply not enough information to really determine what your example means. I do understand that you’re limited in what you can say however.