The best person to get advice from is your local realtors in your area. Ask them to provide you with a Market Analysis of the neighborhood and see exactly how many are on the market, whether they have dropped their prices, and how LONG they have been listed. Most realtors provide this service for free, so find one you like and maybe get several and compare the data to make you more informed. The best way to make a decision is to see exactly what the market (buying public are doing).
If you can't outdo the "competition" you might want to also try staging the condo and making it more inviting. Do virtual tours, offer to pay closing costs, ....just be creative and have FUN! There are so many options these days! Think of it as an opportunity in work clothes! LOL!
Then, it would be best to speak with your financial planner, CPA, etc. and get their advise after you have done some preliminary research on the neighborhood. Good Luck!... more