I understand and should have provided more info! This is a university town with a strong engineering program. Also many federal govt. workers here. Population 75k. Overall, it is a stable market due to the fact that most people work for the feds or for the university in professional jobs. SFR for sale inventory is the same as this time last year, and prices declined 3% in 2006. This home is in the nicest neighborhood in town, and there are currently no other comparable homes priced less. I would say that the market is soft, but homes are selling as evidenced by pendings and solds I have seen. At the same time, there are homes like this one that have not sold. Anyway, thanks for the advice and I realize that even with this new info it will be difficult to say much else. I might offer 245k, 5% off of the current list price…
