After 2 90-day stints on the market, the listing expired.
It originally listed at $159,900 on 8/11/10. The price was then RAISED to $160,000 on 10/01/10. Then down to $149,900 on 10/19/10. Then raised again up to $149,999 on 10/22/10. Back up again to $150,00 on 11/01/10 and then expired on 11/12/2010.
It then re-listed that same day at $159,900, reduced to $149,900 that day, then raised to $149,999 on 11/18/10. Up yet again to $150,000 on 12/1/2010, and down again to $149,999 on 12/16/2010. Back up to $150,000 on 12/30/10, down again to $149,999 on 2/4/11 and expired at $149,999 on 2/10/11.
Obviously, fiddling around with the price in such a meaningless fashion did nothing to get the house sold. 6 months at or about $150k tells me that it's at least $10k overpriced. Probably closer to $15-$20k overpriced.
I'd encourage you to find a Buyer's Agent whom you trust. That person will track down as much information as you require about specific houses, neighborhoods, etc. Having an ally in your corner also assures you that you're getting advice that's specifically in your interest.
Good luck in your home search!
Principal Broker, REALTORÂ®
MacDuff Realty Group