In any market, but especially in this market, it all comes down to price. In the last 6 months, there have been 48 homes with 4BR, 2Ba, up to 3000 sq feet either under contract or closed in Freehold. I'm not surprised that a $10 reduction didn't produce any more showing as typically a large reduction will grab attention.
Since market values are changing almost on a monthly basis due to the increased volume of short sales and foreclosure, I would ask your Realtor to do another CMA and "value" price your home. What this means is that your price should be either at current market value or slightly below so that you create a perception of value in the minds of the prospective buyers.
Now is the time to price improvement if you are serious about selling because the predictions for house values for 2011 is further declines.
Francesca Patrizio, ePro, SRES