Today one of my sellers reduced their price again, by about 24K. This was the fourth reduction and the home has been on the market over 120 days. We did our initial meeting and CMA over 2 years ago, but at that time they decided to rent for a year and see how they liked their new out of state location. When I re-did the CMA a year later, it pointed to a much lower price than a year before due to the recent solds and we listed the home at 50K less that I recommended a year before. They understood then, and do now thank goodness, that timing is everything. Now it's 120 days later, and we are reduced to approx. 100K below their initial asking price of 120 days ago, due of course, to the price reductions in the area and the new home builder in their community slashing prices and offering incentives to get the new homes sold. So now, we've slashed to the bottom line... I feel terrible for my sellers, and feel almost a sense of embarrassment and a lack of creditability although the numbers always were presented accurately and I've marketed their home extensively. I logically understand the conditions of the market and the factors in my area right now, and of course, the tremendous increase in inventory coupled with the lack of buyers, (where ARE they?), but is it a "female" thing to wake up in the middle of the night feeling antsy, responsible and embarrassed about this stuff, or is it a "REALTOR" thing?