The question about the market is a tougher question. We are seeing some signs of stability but would not expect HUGE market improvements anytime soon. That said, it will certainly depend on your particular home, location, competition, etc.
Once your listing expires, consider obtaining a 2nd opinion of value from another licensed Realtor/Broker or appraiser to re-assess market value along with interviewing another Realtor on marketing your property. The spring market is coming. It is a great time to re-evaluate and leverage the market condition.
you could also consider a rent to own.