If no-one views a property, how can it be said that the price is too high and needs reducing? Does it not mean that the agents don't have buyers available in that price bracket and they want the vendor to reduce to the next bracket to achieve a sale? If a house is >£8K, then that is expecting the vendor to achieve a sale by going into the next bracket down which could lose as much as £2K off the "value" of the property?

A property will only sell at a price someone is prepared to pay for it. If you start too high and get no interest there is only one way the price can go.

Unless you are considering the more extreme ends of the price range, I would guess that most EAs would have potential buyers within most price bands, so what matters is how the house ‘slots’ in relative to the competition – a better house among poorer competition would be snapped up, whereas a poor house among better competition might well be ignored. Dropping the house down a band would reduce the mismatch and give it better chance. Obviously, with fewer buyers, your house needs to be more attractive than the rest, and this usually means a lower price for the ‘same’ quality of house.

Having said this, there are what might be thought of as ‘holes’ in the price range where no sane person either looks or tries to sell, (say) just above a stamp duty threshold. Another ‘hole’ (with no buyers) is for typical FTB houses priced above what a FTB might typically be able to borrow.

I think you all raise some good points - so often on here you just hear 'reduce, reduce, reduce' BUT if you are on at 150k and there are hardly any buyers at 150k and under - then reducing the property to 130 or even 120 does not necessarily increase your 'pool' of potential buyers...... Price reduction only works to a point, it's not the whole story.

I think up to a certain point price is largely irrelevant- as long as your estate agent hints that you might be open to offers. The most interesting point is why no-one is coming to view the house.

I think also trhat you have to be realistic with your price - I had an absurd valuation from one local agent who was also the most expensive. So didn't go with them. The best advice I received was take the highest and lowets and divide to get an average. My selling price was bang on.
But yes no viewings is a problem.

Ehhh if a product does not sell you reduce the price period!!!!
That is a market, is it not dictated by supply and demand?
At present there is little demand so prices go down when the demand returns prices go up.
Decca are you suggesting if something won't sell that it is the agent that is at fault?
How can it be, these are the same agents that were selling properties easily 1 year ago I bet all of them are working really hard to earn 3/4 of what they were then.
It's great getting a 25% paycut other people would leave their jobs

Actually, I don't think it is always the agent that is at fault. how can it be, when it is only good for them if the property sells? I think that sometimes agents might need to be a little more forthright about why a property isn't selling- and sellers have to be prepared to take this on board.
I just think it is unlikely that a interested party will be so put off by the price that they won't even view. And a good agent should have valuable insights into what's putting people off.