We never got the crazy pump during 2021 or drops and our market has been steady appreciation instead.

YOU are the one who dropped the ball, not them.

It's been great as a noise monitor (and I can also see temperature readings which are verifiable and solid).

Dropping in on this.  

When you do a cash out refinance its cash in hand (liquid reserve) so it can be used as an asset or for PITI reserves on the next purchase.The other downfall is if your credit score should drop for any reason which can happen even my accident or mistake the lender will close or reduce the Heloc credit limit.

How much will you lose if you drop the price and sell it for a loss today?

Someone said it before but definitely drop price when starting and even say in your listing your new and reduced price so people will try it!

So yes, buy now, make a few extra principal payments and when rates drop, refi into a new lower rate, and FYI a 15- or 20-year mortgage will have even lower rates.Is the home overpriced?

Great insight Adam, you are certainly right , sometimes we see this inventory level going down and immediately think that more houses are sold and here clearly shows that listings has been either expired , withdrawal or just canceled We are experiencing the same thing with rentals , prices has dropped at least 5 % ... 

As rents in some areas drop and vacancy rates rise there will be more downward pressure on the CPI for the fed to lower rates.