Let me speak from a person who is has a house on the market (not an agent or a broker) I live in Florida and have been attempting to sell for over a year. We live in an upbeat area of town that in normal times would be highly sought after. These days are not normal and sales in our area are way down, and prices continue to drop. My advice is not to sit on the sidelines, but to get in find several that you like and make very aggressive offers. 10% off, 12% off or more, especially if you know the house has been on th market for a while. My home was listed this time last year at over $500,000, today I would be happy if I could get someone to bid $380,000. People are eager to sell for a variety of reasons, you can get a great deal, but I believe by spring you will have missed the best of it, because rates typically climb in the sping and sellers like myself will have slashed enough to attract a bid just to move on with life.