A good pricing analysis is what the listing agent should have prepared in pricing this home and managing the expectations of the seller. As a buyer, your agent should prepare the same well thought out pricing analysis for you as you consider any property. Properly done, it will immediately flush out overpricing.
Good luck to you and welcome to the market!
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The price on this house is still the original listing price. By now the seller should be willing to lower the price but sometimes they are just looking for someone to make an offer. My suggestion is if you are interested in this property, let's make an appointment to see it. If you like it, let's put in an offer you are comfortable with. Then let the negotiations begin! It is the job of your real estate agent to negotiate a price that both parties are comfortable with. The worst case is that the seller says "no" to your offer. If so, you then submit another offer if you wish to move forward. I hope this helps!
Glen Mc Call
Those are the facts. What a buyer will do regarding offers/lowering price is usually emotionally based. You would have to know the sellers' motivation. But a house that has been on the market for 2 months without a price reduction could mean that the sellers don't understand the market, are in no hurry to sell (and are holding out for their price) or that their agent is not doing his/her job.