Michelle,

Your unit is one of the most highest priced in your complex and you have quite a lot of competition just in your complex alone. There is one pending sale which is listed almost $10,000 less than yours, so buyers will have to ask what makes your unit worth $10,000+ more.

Also, the exterior photo of your home dates your listing. There are no leaves on the tree and the grass is brown. It doesn't really inspire me to want to show your home. Get the agent to take an updated photo immediately!

And don't forget, there are a ton of townhomes for sale right now in Eden Prairie. One of my clients in Eden Prairie just took their townhome off the market and we are going to put it back up in the Spring, so we will be fresh and ready to make a new start. You might consider this since fall and winter is on the way, if you can afford to do so.

Good Luck with your decision!

Hi Michelle:

You are not going to like the answer - You are overpriced. Your option here is to be patient or take a proactive approach and lower your price to at least the average sold which is around $164,500. If you choose to lower the price, I would ask your agent to do a re-list.

Also, what makes your unit better than others on the market in your area? There are at least 18 w/in a 1 mile radius. If you're priced higher because yours has amenities the others don't then you and your agent need to spell out for buyers.

Finally, do your very best to accept all showings -- most of the time you don't get a chance to re-schedule that showing and keep your home PERFECT every day! Best of luck to you.

I would definitely try answer #2. If you can afford to lower your price into a different range, then cancel and re list it as a new listing. This give your price reduction a bigger punch. Everyone uses auto searches now, and when you do the expire and re list routine, it shows up on everybody's list as brand new. Also, maybe try a bonus that will attract an agent. You want to word the bonus carefully. For instance, $500 bonus to any agent that brings an acceptable offer. Paid at closing." The first thing you or your Realtor can do then is take away the bonus from the buyers agent, if it's not full price which always is acceptable. Any questions, give me a call. 612-990-5600.

Lenny's answer is right, even though it might seem a little direct. Your house is now "stale" on the market and any buyers who see it online can recall seeing it online for the last many months. You can try to cancel and relist the home at a lower price and with new photos to make it look "new" but just waiting will get you nowhere.

You've got another 2 months or so of reasonably strong activity yet this year but every day your house is on the market means a little more money that the buyer is going to pschologically reduce their offer by. Best option is to price it right now to get people in the door.

Hoping will get you nowhere, drop the price. That is the only thing that motivates buyers right now. Drop it enough for people to notice. If you cant afford to lower the price it may be best to take property off the market till it gets better. Good luck.