Counted no less than seven standing trades on outpost wanting to do 5 refined for a scarf. That tells me it's not accurate. At least one trade still standing offering more.

http://www.tf2outpost.com/trade/4026396

I'll agree that 7 refined is sitting too high. I'd argue 5.66-6 refined would be more accurate.

Edit: Some proof that 7 refined is too high, a couple of recent trades look for about 6 refined on their scarves

http://www.tf2outpost.com/trade/4085435

http://www.tf2outpost.com/trade/4097431

I sold mine for 3 keys quite easily

I think 5 refined is WAY over the top on the price reduction. But your right, prices are dropping hard on this nice item..... definetely down vote but u can make another for a little more

yes, it needs to drop, but 5 ref is a bit extreme.