In Sonoma County the area with the least activity is $500,000 to $1,000,000 with the homes OVER that languishing for months! You also didn't mention WHY you are selling? Foreclosure imminent? "Need" your price so you don't have to sell "short" or for less than what you owe on the property? This of course has NOTHING to do with pricing! The market determines price--not our own personal needs or desires! Retiring, moving down, moving out of the area? Divorce? Job Transfer? All of these variables need to go into the consulting by any savvy Realtor when determining price.
If you are under $400,000 and have not recieved an offer in 30 days then you are abolutely OVERPRICED! Over $500,000--don't sweat it! But double check your pricing and be aggressive. If you are priced with everyoen else who is NOT selling then WHY are you on the market? Don't wait for the smart Seller to come onto the market and set a NEW price substantially below your "absolute" number. They will become the NEW comp on the block. The price I could get you today may be relegated to the dust bin with an aggressive priced neighbor! Don't "chase the market down". YOU'LL NEVER CATCH IT!
For the latest marketing data have your Realtor pull up a "broker metrics" for your price point and area. Also pull the Foreclosure Radar search to find out what looming forclosure issues you may be facing. lastly, analyze the REO and Short-Sale market as per your price point. All of this data the smart Realtor has readily at his or her fingertips. If they do NOT? Hmmmmmmmmmm?
I will be happy go give you some more pointers..just send an email my way.
In Los Angelesl, we try to price the property just a bit below market value or more if the property needs work or is older, to bring in the most interest.
It's important (in terms of marketing and selling) that you understand this type of market (investor and first-time homebuyers).
My colleagues have given you excellent advice to consider. I'd recommend that you ask your agent to get very specific feedback regarding what potential buyers thought of your home. Know that you may hear something that you can't change or don't like, but it essential that you understand others perceptions. Address items that you can and be open that both time to sell and price may need to be revisited.
Best of luck!