Homes Priced Over FMV

[Dylan Arveson]

Hey all, 

I'm curious what you think about homes listed over FMV. Specifically, homes listed at $100,000 over or double recent FMV analysis. Is it pretty common while the market is adjusting upward, and will FMV catch up? Or is it an indicator that these homes are overvalued? I'm cautiously leaning towards the latter, and believe that the market will correct itself and probably land somewhere in the middle.