Certainly anything is possible, however, there are several factors which have an impact on whether or not it's probable:
Was the home over priced for the market and it's location?
How does it's current list price, compare with current market value?
The seller's motivation and so on
Specifically, what a seasoned, professional buyer's broker or agent can do for you, is help you evaluate the price of homes, as they pertain to their market. A buyer's CMA or Comparative Market Analysis, prepared by your buyer's broker or agent, should provide a fairly accurate price range, for an offer and what you can reasonably expect to pay. That said, there are many variables, so it ultimately comes down to seller motivation and their given circumstances.