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Been looking around, and I think this thing could use a drop.
Classifieds at time of listing, many sellers at 4.7
http://i.imgur.com/l0qdEb5.png
Sellers below 5:
http://www.tf2outpost.com/trade/20356605 - 4 keys, 2 ref
http://www.tf2outpost.com/trade/20105130 - 4 keys, 4 ref, seems to have sold (trade is still up for some reason)
http://www.tf2outpost.com/trade/20358696 - 10% off backpack.tf (in this case -.5 keys,) so 4.5 keys, unbumped for a day
http://www.tf2outpost.com/trade/20282803 - 4.85 (4 keys and 7 ref)
Unsolds at 5 keys:
http://www.tf2outpost.com/trade/14973136 - 8 months, however, this trade has not updated keys past 7.55 ref
http://www.tf2outpost.com/trade/16209307 - 6 months
http://www.tf2outpost.com/trade/17284103 - 4 months, still has stock
http://www.tf2outpost.com/trade/19239122 - 2 months
http://www.tf2outpost.com/trade/19750416 - 1 month
http://www.tf2outpost.com/trade/19991585 - 3 weeks, unbumped for a day
http://www.tf2outpost.com/trade/20009818 - 3 weeks
http://www.tf2outpost.com/trade/20134998 - 2 weeks
http://www.tf2outpost.com/trade/20116885 - 2 weeks
http://www.tf2outpost.com/trade/20154642 - 1 week
http://www.tf2outpost.com/trade/20139611 - 1 week, renamed
http://www.tf2outpost.com/trade/20151723 - 1 week
http://www.tf2outpost.com/trade/20250569 - 1 week
http://www.tf2outpost.com/trade/20191147 - 1 week
http://www.tf2outpost.com/trade/20257126 - 1 week
http://www.tf2outpost.com/trade/20269764 - 6 days
http://www.tf2outpost.com/trade/20284732 - 5 days
http://www.tf2outpost.com/trade/20323065 - 3 days
NOTE: All unsolds below 3 days not included
Conclusion: Mountains of unsolds at 5, many of them upwards of a week. Many are in sets, are being sold only by cash, and other things. There are only a few sellers below price right now, but none of them seem to go fast. This drop is fairly modest, and seems appropriate.
Any feed back is appreciated. If you agree, leave a comment and upvote! If you disagree, post some counter proof and downvote. This is my first suggestion in over a year, might be a bit rough.
1 sale & 1 unbumped trade.
Meh, doesn't really look like a clear drop is needed.
Alright, I will most likely close this soon then, but I will wait for more people to weigh in. Thanks for the feed back.
Your sellers under 5 Keys:
http://www.tf2outpost.com/trade/20105130 - Sold.
http://www.tf2outpost.com/trade/20282803 - Sold.
http://www.tf2outpost.com/trade/20356605 - Quicksold.
5 Key sellers:
http://www.tf2outpost.com/trade/19750416 - Trade seems to be disbanded, hasn't responded to any offers withing 1 week.
http://www.tf2outpost.com/trade/17284103 - Is a mass seller, and has sold many for 5 Keys.
http://www.tf2outpost.com/trade/16209307 - Sold for 5 Keys.
http://www.tf2outpost.com/trade/14973136 - Hasn't responded to any comments, and has multiple adds for the banner.
Downvote from me, very poor proof for your range, and many 5 key sales.
Seems like you're right. 5 keys seems to happen enough. Closing.
I want to say that the low end is a bit weak, but seeing as how a suggestion once passed with only 1 link to support low end and the rest unsolds. (referring to: http://backpack.tf/vote/id/5386a9ed4dd7b8ae028b48cb) I'm not really too sure.
Thanks. Looking on outpost, there are about 5 pages for this item, but a very large number are only in sets or are being sold for cash.