Inventory is low and demand is high, which is pushing prices up with each passing month. Buyers are getting anxious and so are sellers, who are questioning whether they’re getting top dollar. Sellers often change their minds on the asking price and re-list higher after receiving a flood of offers.
http://www.theglobeandmail.com/life/home-and-garden/real-estate/vancouver-inventory-squeeze-finds-buyers-panicked-sellers-anxious/article25045218/