Hi Angela, Laura's advised you well - answering this question is a great way to kick off an interview process for possible listing agents when the time comes to sell. An agent that knows your area well, and is comfortable with the analystics and market data will be able to put together a pricing analysis that will provide a probably sale price range. The approach I prefer is one that looks back to project forward - in other words, reflecting on comparable sales - 12 months, 6 months, and under contract to establish a trend and then applying that trend to current active comparable listings to arrive at the range.
It isn't a bad idea to seek out multiple opinions - and do be careful not to fall into the trap of embracing the agent the tells you what you want to hear - fact is, especially in this challenging market, price is THE most important factor in probability of success. If you price right from the get go, you have a much higher likelihood of selling your home quickly and for a higher price, then if you chip away and accumulate days on the market.
Good luck to you!
Search and connect at http://www.feenick.com