Been observing something similar in St. Louis, though more like 5-10% under ask.
You just have to understand that on the way in–the area might not be a profit-maker, bid low.
Also, it’s a convention that’s unspoken probably. Here the convention is “On the market over 30 days, something is definitely wrong with it” so price low for a bidding war. There the convention is “Always ask more than you want and someone will give you what they’re willing to pay.”