There are a lot of factors to consider when it comes to the buyer population. First, the banks and lending institutions have buckled down with stringent guidelines to get a prospect pre-approved for a home loan. An individual has to have a great credit score (it varies from bank to bank) 680 is a good start, debt to income ratio has to be pretty low; 100% financing is no longer - so those individuals who don't have funds for a down payment for an FHA loan or even a conventional - no longer have that option, in turn decreasing the number of qualified buyers; an increase of rentals are also your competition - there are buyers who have expressed the fear of not having any equity when its their time to sell (some military buyers) - but the reality is that there are more homes than "qualified buyers". Good Luck with the sale of your home and God Bless
GSH Real Estate
Unfortunately this is a problem that almost everyone is experiencing at this time. I would recommend what a great REALTOR in Rocky Mount, Virginia, Betty Kingery founder of Mountain to Lake Realty, told me when I first started out. She said, in the past market, the "name of the game used to be 'location, location, location,' but in todays market we're into 'location, price, curb appeal, and closing costs.'" In other words, have a great location, lower your price to stand out in an over-crowded marketplace, do some yard work, and offer something like paying up to $4000 in closing costs. This stuff isn't easy, but this is how people are selling houses in this market. I hope that helped.