There's people whose entire job is to list houses at 50% over the market pricing. And there's people whose entire job it is to offer 50% market price for houses. They only need to be successful once every couple of month. They flood the market with buying and selling signals, that's just the way the market works. I wouldn't be discouraged if my fair market offer were rejected by most bidders in a market, statistically they are professional over/under bidders, that's fine.