Talk to your agent about your concerns. If you decide (or if you've already decided) you want to terminate the agreement, tell your agent that. If he/she is reluctant to do so, ask to speak to the agent's managing broker.
Incidentally, I believe a 6 month contract is WAY too long. Next time, go with a 3 month contract. Tell whatever agent is looking for your business that if you're happy with their activity--even if the house hasn't sold yet--you'll be glad to re-list.
If you concern simply is that the property hasn't sold--but you're overall happy with your agent--ask your agent to run a new CMA to determine market value. As the others say, if you haven't seen any action on the property, most likely it's overpriced.
If you go to www.MtgProfessor.com you will see the "wholesale" interest rates (these are not the rates you can get) available to brokers. If you see someone offering rates at or below these daily published rates then you know that you will have to pay extra "closing costs" (lender related fees) to get the promised rate.
Also if you go to www.AimLoan.com you can sign up for a rate quote specific to your loan (they don't do FHA, however) and you can get a daily email with the current rate quotes for various types of mortgages.
One of the reasons that the market is in the shape it is in is because of people being able to buy property without any kind of investment. When prices decline it is too easy to just walk away. Having been in the business for many years I have seen all kinds of markets, but I really miss the days when you had to invest some of your own hard earned cash to buy property. http://RalphandTricia.com... more