If you take your property off of the market now, when you re-list it, it will show the old listing market time. I believe you have to wait 9 months or so before it will no longer show the previous market time. Here is the bottom line for you: HOW MOTIVATED ARE YOU? If you need to sell NOW, you need to make some changes. Stage, stage, and stage some more. Make the property show like a model. It might cost you $1000 to stage your property, but think of how much it's costing you every single day the property sits on the market and you aren't able to move on with your life.
Are you listed with an agent? I realize it's on the MLS, but if you are using a flat fee company, all they care about is their flat fee! They aren't marketing your home which makes all of the difference in selling in this market. Think about it... if there are 200 properties in Edison Park, all in a similar price bracket and all with similar finishes, floor plans, etc. And, there are 20 buyers looking for those types of properties. They are all listed on the MLS. An APE could list your property on the MLS, but that doesn't mean it's going to get sold. Of those 200 properties, why would those 20 buyers come see yours? It's market share and it's a numbers game. The more places your home is marketed, the more people see your home, the more likely you are to get an offer.
If you don't NEED to sell right now, then why are you selling? If you don't HAVE TO MOVE or NEED MORE SPACE, I think renting it out for a year isn't a horrible option in this market.
It comes down to your emotional attachment to getting WHAT YOU THINK THE PROPERTY IS WORTH versus WHAT THE PROPERTY IS ACTUALLY WORTH. If you are willing to let it go, realize you might not make as much as you would've 3 years ago, then drop the price, market the heck out of it, stage it, and list it with a Realtor who has the skills and expertise to get the property marketed and featured in the right places.
Sorry for the long response. Email me if you need some more specific resources, lists, checklists on staging and selling your home, or if you want a marketing proposal.