Yes, it is correct that sales are off and Sellers may be willing to concede moderate to great drops in their asking prices in order to move their property. This statement would probably fit most of the country right now.
What I think Sellers need to keep in mind is that there are many variables to consider and not just what you hear of the slow down in the housing market from all the media outlets. You may want to consider 1) Is your area a retirement and second home destination (Ellijay defenitely is) this can make an area more or less susceptible to the ups and downs of the market, in comparison to a strictly urban area for example. 2) Does my property offer something unique? Water frontage, spectacular views?
I agree that the best way to determine a fair market value and see what comparable homes are selling in your area is to contact a local agent. I would not only create a Comparitive Market Analysis based not only on recent home sales but on homes that didn't sell as well as homes currently on the market and their asking prices, etc. but physically visit the property. I would want to then consult with you on what the results of the Market Analysis were in determining a "suggested" price and then my opinion on what I feel the price should be, and then discuss with you as whether it would be wise to wait or go into Spring and Summer with an aggressive marketing plan.