Over asking is a misleading metric as realtors are allowed to list a house at any price they choose. Some properties are listed artificially low to get more pe

Over asking is a misleading metric as realtors are allowed to list a house at any price they choose. Some properties are listed artificially low to get more people to view them. Since people have some sense of what a property is actually worth, they know after viewing it when an over asking offer is needed. In the same neighborhood I've seen similar properties go for $1.6 mil to $1.65 mil Canadian, one at $50K over asking and the other at $363K over asking.