Are we in one of those markets now?
Twice recently we've seen listings raise their prices and make deals shortly thereafter.
First we saw this happen at 438 S. Meadows, a big Mediterranean (well, they say "Spanish") that sold this week for $2.595M.
This one listed in October 2013 for $2.500M and had a deal within about 6 weeks.
But that deal stayed in "backup offer" status for months, meaning the sellers were soliciting new offers just in case the first one didn't pan out.
Come February, the property officially came back on market. This is a solid, newer house, so we inferred that it was probably not a problem with the property, but with the buyers – perhaps a contingency for selling their own property did not pan out. (We've not tried to pry into the…