Is it dumb to try to sell now?

Generally speaking, a home stays on the market without selling because they are priced too high (as long as there are no more than 4 months inventory). Don't worry about the other listing selling first (unless its the same exact model as yours and you are pricing higher). It will have very little impact on the sale of your home. I would not be afraid of selling now, even with current interest rates. Yes, some buyers have left but alot of buyers remain. To answer your question, I need to ask a few questions. These are also good questions to ask your local real estate agent as well. Why are you selling? Are other homes selling quickly right now in your market? If so, Is it just updated homes, homes that are priced at fair market value, etc. If not, Why? What type of home do you have? (Single family, condo, townhouse, etc). Do you live in the city or suburbs? Or how far outside of the city do you live - do a lot of family's move from the city to your suburb? Do you have extreme winters that reduce the number of listing or buyers by a wide margin? What is your current interest rate on your home? Have you thought of renting it out? Or do you need the money from the sale in order to buy? Or no interest in renting?