My impression is that realtors who have their own investments in a market in which they operate sometimes err on the side of overpricing even when they know lis

My impression is that realtors who have their own investments in a market in which they operate sometimes err on the side of overpricing even when they know listings will remain on the market longer than the seller might want. In smaller, growing markets like Colorado it even looks like cartel behavior to me, since multiple brokers follow the same strategy.