Okay, this might be a really dumb question but here goes anyway:

We live in Central TX, the home of stable/affordable real estate. However, we've been pegged as the fastest growing area in the country and home sales have changed over the last year. In previous years, average DOM was about 3-12 months, depending on price range. Over the last year, homes, at all different price ranges, are selling within days. Prices are not that different, hardly an increase from a few years ago.

So I'm thinking that everyone needs to raise the price of their home and let them sit on the market for a few months instead of days. However, that won't work if they don't appraise properly.

So how, in a shifting market, do homes appraise for more if asking prices are flat?