5%

Don't over price your home and exceed 5% of the market value.
Homes listed for sale should sell or at least receive an offer if they are at or less than 5% of their market value. Many Buyers get intimidated when making offers, not everyone is comfortable with negotiations. Buyers get even more uncomfortable if they view their offering price to be drastically below that of the list price. This is especially true if the house is new to the market. What do you think is said if the house has sat on the market for over 100 days? ..."what is wrong with that property?".
Stated in earlier posts sellers should know their list price to sell price ratios (LP/SP). If this ratio is 97%, than a seller should not list more than 3% over their market value (market value is not county appraisal value).
Consider what being over priced by 5% means from the perspective of the buyer;
$125,000 = $6,250 (first time buyer, one of if not THE biggest purchases to date)
$185,000 = $9,250 (first time buyer, maybe newly wed, tons on their proverbial plate)
$250,000 = $12,500 (kids, new parents or maybe buying a home alone)
$1,500,000 = $75,000 (buyers at all ranges don't get to be buyers in this market without watching their bottom line, especially true at the million dollar prices).
There is a shelf life to homes on the market which is a good reason to know Days on Market (DOM), LP/SP and your market value from activity in the last 3 to 6 months.