Price Discovery In Progress
We saw earlier in the Realtor Ethics post that the NAR doesn’t like the re-inputting of stale listings to make them appear to be hot new buys.
But because the listing numbers are sequential, and start with the year inputted, realtors want their listings to be sporting a fresh new number, starting with a 12. I would guess that 1/4 to 1/2 of the new 2012 listings are repeats from last year.
At least this one has been aggressively lowering their price: