I echo the voice of others. Your agent can produce the pricing analysis to guide you.
Certainly time on the market is a consideration. If the property has been listed at this price for six months - especially through our healthy spring market - then it is overpriced. If it were not, they would be done.
However, if the current price is the result of a recent price reduction, then the price may not be so well tested. This level of detail is available in the archives of the MLS, which is accessible to agents.
A price based on the facts of the market is the best starting point for a successful negotiation.
Good luck to you!!
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