Rising list prices indicate confidence among REALTORS that the market is accelerating.

Rising list prices indicate confidence among REALTORS that the market is accelerating.

 

With the shortage of inventory, home sellers and listing agents get bullish on home prices.

You will also want to keep in mind that homes that sold (or closed escrow) in May most likely received offers 30 to 45 days prior to the sold date. In other words, sold prices in May are merely a reflection of pending sale prices in April.