The market is red hot for buyers!  Sellers may have a tough time adjusting to the new lower home prices in many areas.  The sellers need to realize that they can actually leverage up in the current market.  Even with an accepted lower price for the home you are selling.  Think of it this way, you your home is worth say $200,000 in the current market.  You want to upgrade to a larger home.  Your realtor comes back and says the market will allow your home to sale for $180,000.  You were really hoping for $200,000 so you are bummed.  Maybe your thinking this is a$20,000 loss.  But is it really?  The home you have your eyes on is valued at $400,000.  But reality is that this home is also less valuable in today's market than last years value.  Let's say it is also worth 10% less than last year (same as your home).  So now you will pay $360,000.  You lost $20,000 on your home but gained $40,000 on your new home.  So it is all about perception.  Is it half empty or half full?