According to this article from CNN Money, sellers face stiff competition from foreclosures and short sales in the current real estate market. One piece of advice offered in this article is that if selling, resist the temptation to list the property above fair market value. Twenty five percent of those who listed their homes for sale within the past year ended up reducing their price. The better strategy is to determine the market value and then take a percentage off of that figure. Doing so will set you apart from the competition and increase your chances for a sale.