If you don't have to sell, don't.  If you would like to sell, don't.  Homeowners should only look to sell their homes ONLY IF they absolutely MUST sell.  There are 17,898 homes on the market and 1,180 new escrows within the prior month.  Given current demand, 16,718 homeowners will NOT be successful over the course of the next month.  That translates to a 6.6% chance of success.  Sellers should sit on the sidelines and wait for the overall market to improve and demand to increase from its current weak levels.  There is so much competition that sellers must be the best priced, best condition, best location to be successful.  Poor condition or a poor location necessitates a further reduction in the asking price.  Sellers willing to address cosmetic fixes and have their homes in tip top shape from top to bottom, inside and out, will fare better in this market.  Box up clutter and stage the home similar to a builder model, with all lights on and music playing in the background.  This needs to be done every single time the home is shown without exception.  Every buyer that walks through could be the one that brings in an offer.  With so much pressure on pricing, it is best to price a home aggressively immediately, rather than play the wait and see what happens game.  This will ultimately result in chasing the market down in price, where a seller starts high, then reduces the asking price, only to find that the fair market value has dropped from the original fair market value.  Also, buyers don't care about a seller's desire to net a certain dollar amount from their home.