I'd suggest you become very familiar with your competition. In this market, you need to be aggressive. If youâ€™re getting showings, positive feedback, and no offers, itâ€™s probably time to review your price and make a necessary adjustment. Also, what is your time frame for moving? If you want to move soon, then you might want to have your price adjusted. There is no magic number for the â€˜rightâ€™ time to reduce your price. Every situation is different. Based on the information youâ€™ve provided, a price reduction might be your best solution.