If you don't have to move in a hurry, and you're confident in your price then sure, wait it out

After 252 days on the market at $8.750 million and without budging from that number, 10 Birch Lane has a contract. It’s great looking house, Birch Lane’s a good street in a very convenient distance from downtown, and price momentum has been in their favor. If you’ve attached a ridiculous price tag on your house against the advice of your agent, then yes: drop it, and do so quickly. But Joe Barbieri’s the agent here, and if he thought the price was right, well, he can be wrong, like all of us, but he’s usually right.

Or look at it this way, and compare what’s out there — would you rather pay $7.750 to live on Pintail, or bump it up a mere million and live on Birch?