So what is the right price? In this market, it is anybody's guess. In the past if the property did not sell in 30 days we would go back and revisit the property and do another market analysis and would probley do a price reduction.... However; it is no longer about price....it's about condition. In this market, I have seen buyers becoming more and more "picky" cherry-picing, and  I don't blame them.... There is so much on the market and they are looking for the best price and condition. I sell a great deal of REO property and not all is great shape. There are great deals. I have a home located just south of the city in a community were the homes have been selling for $180+ and just had my client accept a $119,900 purchase price for a 4 bedroom 2.5 bath home with two fireplaces a huge Master ..... So; one never knows what will happen. Those kind of deals do not come along everyday....but they are out there. I am still telling people get out there    now is the time to invest in that home or other investment properties. remeber that this down/soft market will not last forever....I have seen it in the past and it will come back strong and new home prices and re-sales will be stronger than ever.