The most hype your property, or any property will receive is immediately upon listing. Even after continued price reductions, that hype will never return again.
Since your property’s market value is so dependent on a buyer’s willingness to pay, that “hype” is valuable to your success. As a result, the initial listing price must be as close to it’s market value as possible.
A thoughtful, competitive listing price will result in success over a reasonable period of time. Sellers who overprice in an attempt to “get lucky” will most likely find themselves reducing the listing price over time, eventually selling their house at a price comparable or lower than what a thoughtful seller was able to accomplish in a fraction of the time.