Thanks for your question.
If you are working with an agent, you need to have them do a Comparative Market Analysis (CMA) to identify similar properties in your area, what they have recently sold for, as well as how theyâ€™re currently priced. If youâ€™re selling on your own, take a look at reliable websites to see whatâ€™s on the market in your area. You didnâ€™t indicate how long ago youâ€™ve lowered your price, but if itâ€™s been recent, you may still have time to hold at this price to see if you get any results. However, if you reduced your price and itâ€™s still not comparable to your competitors, you may want to revisit your numbers. Remember, itâ€™s not just about your property, but also pricing it alongside other properties to keep yours under consideration.
Vicki Graham, Realtor