An update on this. The house was shown 40 times (fortunately we were out of town for a few days during that period but it was still really disruptive having to get out of the house 2 or 3 times in one day). After some dickering we agreed on a bid for $299K vs. list price of $310K. It was the only offer. Buyer has pre-approval; appraisal was yesterday, inspection today. We're not expecting the inspection to raise any major issues but it's always a major hurdle to me. No inspector ever says a house is perfect and you hope the buyer won't nitpick on the minor issues, especially those things visible when they looked at the house.
Yesterday DH and I did a drive-by of houses that interested us and went crazy over a lakefront house. It's a small lake but good for canoeing and kayaking. That was a "nice to have but probably impossible"- most lakefront homes are McMansions and we want to get out of ours! So, we're holding our collective breaths. Will be visiting the house with our realtor this afternoon.
An interesting observation that I've made is that our current house, which is closer to everything and in a highly desirable neighborhood, isn't selling for much more than we're going to be paying for smaller houses, further out. I've also noticed that many ranch houses in good areas with reasonable updates disappear form the market in less than a week if they're priced right, The realtor has confirmed this; McMansions (and ours has a pool) are becoming less popular as more people snap up houses with most of the living on one floor. I think this will only get worse over time.
I still regret a lot of the things that we did recently that weren't fluffy cosmetic changes. I think an updated backsplash in the kitchen would have been a better investment than all the R-90 insulation in the attic.