Your property must be the best deal in town to sell. That means it has to look fabulous - not good, not "in shape" but "to die for". Spruce it up. It also means you must have the cheapest price for anything remotely comparable. People need to walk in and say "wow" and feel a sense of urgency.
Open houses do not sell homes. People coming in are "casual lookers" not hunters. You need to put a target on the condo and find the hunters. Hunters have already educated themselves and are buying the best deals around. Yours apparently isn't making the list of considerations.
Make sure your internet adds and MLS listings are great - with lots of photos (pictures sell). Make it stand out - be different.
Make your price adjustment quickly before you can't sell or lose more value. Trust me. When "nothing" is selling - EVERYTHING is overpriced and when the prices finally drop to get things moving again it will be too late for you to get anything close to what you were hoping for your home. It might already be too late, but I hope not. There is hope for you if you are the first one out of denial.
Despite my blunt words, I do seriously wish you the best.
Homes are selling. The problem is that yours is not selling. In order for a home to sell you need showings. The rule of thumb is:
No showings . lower the price.
Few showings - lower the price
Quite a few showings and no offers - lower the price
Low offers - lower the price.
In a declining market you need to be priced below market in order to make progress.
If you need to sell you will have to be very aggressive with price .. consider dropping it below the average and see if this brings more action. Other than that, staging the property always helps and making sure your agent is a great salesperson (review their sales history).
I agree- showing is a better indicator of true buyer interest than OH numbers.
If I can be of any help in any way, please let me know. Thanks,
If you and your agent have discussed the staging of your property (clean, clutter free, odor free, neutral colors, etc) and believe it to be "IN SHAPE"
then it probably is the market and as the other agent said., 1 month is a short listing time. Take a deep breath and focus on something else........................... good luck