The objective in pricing a home is to get the home sold.
In today’s market a home has to be priced so that a potential buyer will consider it to be in the top two or three available within the price range and location of interest. And, actually at this time, it should be the best value, not just in the top three.
Also, the price point has to be revisited every 14 days or so under the current fluid market conditions. If this is not done, the market may simply move under the price level and the home will continue to sit with no opportunity of even being considered.
Price it correctly, and the home will sell.
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