Turnabout is fair play. Where did your number come from? Did you pull it outta thin air? Apparently they dont need to convince you but rather YOU need to convince them!
The only thing that matters in a declining market is what has closed in the last 30 (atmost 60 days). Everything else is just noise. You should look at your price carefully. Perhaps lowering your price by $50,000 will send a message to all those buyers that you are willing to negotiate a bit but that $1.15M is too low. You may also attract a new class of buyers at a slightly lower price. If you ealtor is discussing strategies like this with you, then you might not have hired the right one.
This is not a bad market. Its a great market for sellers that have nice homes, prepare them properly, market them properly and price them properly.
