This question is fraught with pitfalls, legal and otherwise, for an agent to answer in a public. If you aren't satisfied with the answers that you are getting from your agent, you should contact other agents directly to get their professional opinion or price recommendation.
Certainly a price drop is likely a move in the right direction given the amount of time your home has been on the market. Whether it's enough to attract a buyer and get you on your way to a condo only time will tell. Besides a good price, patience is one thing we all need in the current market. Make sure you talk to your agent about other things you can do to bring in a good offer.