It's a buyer's market. What that means in a nutshell is that there are more homes on the market than what is being demanded by the consumer. Some people call it a glut; some people call it a good choice of inventory.
If your house has been on the market for a while and you get a low offer, is it a good idea to flat out reject it? Maybe not. It may be a good point to begin negotiation.
In this market it is a good idea to look at and consider every offer that comes in.
Here is an article from Boston.com with more information.
Low offers a good place to start
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