Confused About Pricing Strategy

Categories: Real Estate

I’ve been watching a brownstone for about 8 months now. It’s been listed at the same price with the same broker. Just this week I noticed that the listing price had been INCREASED, and it is still with the same broker. What is this about? If the property hasn’t moved in almost a year, why raise the price? Is there some super sophisticated sales strategy at work that a lay person might not get? Or is it just greed?

By guest | 11/01/2007 1:30 PM