Consider these two listings that a buyer might be considering in today's market...

A home priced at $435K that has been on the market for 75 days without a price change.

A home priced at $425K that has been on the market for 75 days and...

[1]  was initially listed for $439,000

[2]  was reduced to $435,000 after being on the market for 30 days

[3]  was reduced to $429,000 after being on the market for 45 days

[4]  was reduced to $425,000 after being on the market for 60 days

Certainly, buyers are going to see a $10K difference between the two homes ($435K vs. $425K) but they are also likely going to believe that the sellers of the second home are more motivated to sell.

A seller who has priced their home at $435K and who hasn't budged at all is likely more motivated to sell for a particular price than they are motivated to make sure that their home sells.

A seller who has made several price adjustments to their home over time is signaling to potential home buyers that they are definitely motivated to sell and want to be sure that their home will sell.