Yes, now that huge discounts are the norm, properties that have been sitting all summer have a ‘perceived’ incentive in raising the price so that the discount can be taken off a higehr number. Also, if potential buyers ask about it they can just say, “Well, based on recent sales and our research we realized we were actually priced really low. The median in this area continues to do well you know.” There may be cases where new solds on a street come in higher than what sellers of an active home expect and they in turn raise their asking price. EG: You are asking 900k, but the neighbor just closed at 1 Mil. You now think yours is worth that and you reprice higher. Or it could all be a trick to create the illusion that prices are still rising fast in some areas.
