About the same here.  It's hot hot hot.

I set an offer deadline on my listings.  I want the home on the market for a week to get maximum exposure. 

In CA we still cannot hold open houses, appointment only, the home must be sanitized before and after each showing. We want to ensure every home gets maximum exposure and buyers are getting an equal opportunity. 

Moves in a nano second......that's fast. As for escalation clauses. They don't always work. And here's why.  Got multiple offers in and one of them had an escalation clause along with another funky clause that sounded like a way out.  Plus...another offer outbid the escalation clause. The sellers said.....so why don't buyers just put up or shut up and stop using escalation clauses?

Our market has been like that since last summer, lowest active inventory I have ever seen. One of my listings had 50 showings in 48 hrs w/ 19 offers.

That sounds about the same.  The hottest that I have encountered is 1 of 29 offers.  Recently heard from a lender that an offer was 1 out of 46.  

I'm not sure about a buyer's agent writing 16 offers in 1 day, I mean does buyer really like all 16 homes?  I've never had a buyer liking so many homes.  In Texas, we have an option period, which is an unrestricted right to terminate.  If the buyer is making 16 offers in 1 day, I wonder whether the house that I'm selling rank #1 for the buyer or #16. 

Also, I was told by an attorney that agents should not be writing any escalation clause.  

Agents are listing and alloowing two days to show and then offers being reviewed here in Valencia, California, home of Six Flags Magic Mountain.

faster than you can run I bet ......

SUPER fast.  And buyers are growing tired of it.  

 Very fast.

Due to lack of inventory, the market is slow and getting slower as sellers have been used up the short term rentals