I just listed a nice home Suffolk, Va. The house two down from mine was listed the day before. I went in at $314,900 and the other was at $324,900. Mine is smaller and not quite as nice but the other one is priced extremely competitively. The day after I list mine, the other drops his price by $11,000 making mine look overpriced!!!. Of course my seller can drop his price but he can't ever match the others price. The difference is my seller bought in 2005 for $275,000 and the other seller bought new in 2002 for $189,000. I JUST HATE IT WHEN THAT HAPPENS and it happens a lot around here because we have so much new construction. People who bought in 2005 just didn't get any appreciation in value around here. Makes the market really tough.