is this called chasing the market?
DH and I both lost our jobs in January. We put the house on the market in April at $399,900. We've had about 7 showings since then, mostly in May. We are usually in the top 2 or 3 (or so they their realtor says) but have not been the final pick yet. Our realtor wants us to lower our price to $379,900. I was thinking $384,900 but then I come back to posts here about making one big price cut instead of several small ones. And not the "chase" the market. Most of our competition is priced is priced $60k less or $100k more than us. None seem to really compete directly as far as neighborhood and size, especially at the higher end. One problem we may have is that we have a huge rose garden (more like a botanical park) that puts off a lot of people as too much work to maintain.Our house is probably the 5th smallest house in the neighborhood where prices go from $380k to $900k
Any advice? None of the other houses that went on the market when we did has lowered their price yet.