The difficulty in knowing WHEN to lower the sale price of a home comes from trying to accurately read the market. Are you getting enough regular showings and listening to the feedback? If priced NOT RIGHT you hear over and over again the market is screaming at you, you are too high. The fact in real estate is
The buyers determine price.
The second huge caution in moving price downward sooner rather than later is STUBBORNNESS. Either from pride OR needing to net some figure.
DO NOT let stubbornness get in the way or you have priced your home to SIT.