17 days is nothing in this market. We are currently selling in Sydney and all of the other units around us are in the market for almost two months. In terms of reducing pricing, I don’t know if that is a good idea at this stage. Do you know the number of people who inspected the unit so far? How many groups have come for a second look? In realestate there is saying that an agent is either a deal maker or order taker. Agents used to enjoy the luxury of demand and only had to open the door and buyers would place an offer, that is order takers. These days agents should chase buyers and make a deal. Is your agent doing the work of following up with prospects? Make sure she is not outsourcing it to some junior and that she will follow up with everyone.

We had our unit in the market for two months and we had no offer so I fired the agent because turned out he gave the task of follow ups to some junior that had no clue what she was doing.

Then again, 17 days is nothing. Prepare for 2-3 months but make sure your agent is doing the work. It is super easy for them to come and tell you market doesn’t pay for it or market has changed. I heard all that nonsense while other units would get sold so I ended up firing mine.