I live in a high growthe area...over 220 properties on the market at the moment. If they don't sell within the first month of being listed, they are hanging around for a very long time.
One house that I have noticed has been on the market for over 18mths. The guy is doing anything to help himself as in the garden is very much to one persons taste and the inside is not great.
The good ones are being snapped up quickly. Most of the houses around here are selling for $450,000-$550,000+ so people should be a little picky.