We finally closed today! I didn’t want to post anything during the process in case I jinxed it. We had been looking for a while and lost out on 2 other bids. Then this listing popped up, it was in a neighborhood we never thought we could afford. The initial list price was overpriced and over our budget so we didn’t bother to look at it. A week later the price was reduced but still over our budget. We decided to take a look. We offered significantly less and were countered at still way too high of a price tag for us, so we said no. After another week or two on the market they came back to us and after some back and forth negotiating our offer was accepted at about $40k less than list price! No contingencies waived. We later got a 10k credit after the inspection. I think a lot of buyers were discouraged from making an offer due to the fact it was already so overpriced and in this market we are all used to having to offer significantly over asking.
Keep the faith if you are looking, and definitely take a look at any houses that are still on the market after a week!