I have been working with a pocket full of homeowners wanting to sell their their proeprty. Several have told me they can't afford to sell in this market. I do understand that it's hard to part with "market diven" equity; but what the market givith - the market has now reclaimed.
One thing I ask my prospective sellers to consider is this: Let's say your $180k home is discounted 10% to be cometitive in todays market. You have agreed to take a $18,000 hit in order to sell. If the same conditions apply to the $225k home you are soon to buy then you are paying $202,500 (saving $22,500.) So what you may have to give up on one end and you can make it up on the other...
The same is true with interest rates: Buy a $150k home today at 5.50% with 20% down and pay $681.35 a month. Or wait a while and buy the same house for 10% less ($135k) at 6.5% with 20% down and pay $682.63 a month. When mortgage rates go up you pay a lot more in the long run.
The best advise is to price your home to sell.