Raising Listing Price

[QuoVadis Gates]

From the stand point of an Agent/ Broker who has already listed a property for sale. 

Is it ever good practice to raise listing price because you're comp sold for a higher price? 

[Brad Bellstedt]

How long has it been on the market? If it's been on the market for more than 2 weeks without an offer, the market is telling you its not likely to get an offer at a higher price. Something about that other property was so much more appealing to the buyer that they were willing to pay more for that property that for your listing. Raising the price is NEVER a good idea unless you're in a multiple offer situation.