Old house

We have had about a dozen viewings of the house since thanksgiving and finally got an offer. The offer was ridiculously low and they were not willing to go anywhere near our asking price so the house remains ours. I suppose the market is dictating that its o.k. to offer $20k less than the asking price, the housing will turn around…won’t it? Back in December we had one of the realtor’s showing the house tell us that we had priced it $5,000 to high yet they didn’t submit an offer for $5,000 less.