When we were in an up market, if houses were a little over priced, all we had to do was wait a few weeks and it would be priced right and would sell! Now the situation is so different.
And as the value of the market continues to drop, the price of your home has to also. So the price that you put on your home today is just a snap shot in time. The market will tell you whether in fact it is priced to sell. If the buyers don't come to visit, it is operpriced and if lots of buyers come to visit but make no offer, it is still overpriced.