I’m curious about a pricing anomaly in the property market.
Properties sometimes sell for more than the listed price over an extended period. This makes me wonder why new sellers don’t simply adjust their asking price upwards to reflect the strong market conditions. Instead, sellers seem to hold back on increasing the price despite rising market offers. Could it be due to strategic negotiation, psychological pricing tactics, or other market dynamics? I would appreciate insights into why sellers might choose to keep their initial price lower, encouraging competitive bidding and ultimately resulting in higher final sale prices.