The agents familiar suggest that July is actually a good month, regarding sales activity. So, don't take a chance on missing an opportunity to sell.
And even if July were as slow as you suggest, recognize that anyone searching for a house during a slow period (in some areas of the country, the slow period is between Thanksgiving and New Years) is really serious about buying. They're not just casual lookers; they're buyers.
So, whether it's an active or less-than-active period, you always want your property to be competitively priced. You always want to have the best opportunity to catch the serious buyer.
So: Have a new CMA done on your property. You ask about lowering your price, but you need to know what price is most likely going to be the "right" price. It wouldn't make sense to lower it, but still have it above fair market value. On the other hand, you wouldn't want to lower it more than you had to. So: Work with your Realtor; get a current CMA, then adjust your price accordingly.
Hope that helps.
Listen to what your agent tells you. I'm not sure where you get your "slow month" information, or how you figure when more buyers will be looking but if you don't drop it now you're going to have to drop if even more than you probably plan to in another month.
If you are thinking about reducing price, do it now. . This is a great time, after the school is out, people are starting to look for homes to move and/or relocate.
The buyers will still be looking in August with your new price set in July; but hopefully the July buyers already bought the house and you don't have to worry about August buyers.
best of luck !
July is a very busy month. Many buyers try to coordinate their purchase with the beginning of school, so July is usually their goal to find something, so they can close in Aug and be settled for Sept. August is historically the lowest month of any kind of business activity in any trade. Its the month that most people go on vacation. If you wait until Aug to be priced correctly, you may need to price adjust even more at that point. The last thing you want to do is chase a declining market.
Best of Luck!