I spent a good portion of this weekend showing houses to two different families. There was one good house for each family -no, I won’t identify them here because they did like them and I’ll keep my mouth shut until they decide how they want to proceed. There were many more houses that were grossly overpriced and I didn’t have to tell my clients that. No buyer can see a house priced well at, say, just under $2 million and then walk into another house a few minutes later asking the same price but 1/3 smaller, much dingier, with an inferior location, without asking, “are these people out of their friggin’ minds?” Mad Monkey would have you believe that sellers who are cutting their prices are engaged in a mad dash to the bottom and will rue their haste, someday. Perhaps he’s right but if you want to sell your house in the foreseeable future, ask your agent to pull all the competing listings in your price range and neighborhood and then go see them. If you are capable of employing an objective eye and you see a better house priced lower than yours, cut your price. Right away.