That strategy is outdated and it backfires more often than it works. The idea that you should price high and let buyers negotiate you down assumes buyers are making offers on overpriced homes. They’re not. In today’s market, especially in Fairfield County where buyers have access to all the same data you do, an inflated price doesn’t create negotiation room, it creates hesitation. Buyers filter their searches by price range. If you price at $675K hoping to settle at $650K, you’ve just eliminated every buyer searching up to $650K. They’ll never even see your listing. Meanwhile, the buyers searching $650K to $700K will see it, compare it to other homes in that range, and realize yours is overpriced for what it offers. They move on. You don’t get offers to negotiate. You get silence. Then you reduce the price a few weeks later, and now your listing has a history. It looks like it didn’t sell the first time, which makes buyers even more cautious. The better approach is pricing at true market value, or slightly below, to create competition and let multiple offers drive the price up naturally.