I understand your situation, i too had my last e46 M3 sit on autotrader for months. My experience is if the car dont sell late Summer, it may have a last chance in Fall but will sit most cases during Winter. If you are not a hurry and like to save the drastic depreciation lost, wait until Spring and do your last price adjustment then and also try Craigslist also by then.
Its a good looking car.. iif I can afford 2 M3s I get yours @49k its definitely a steal, but its nothing you can do, you've done your part let the market flow.
Also btw try the BMWCCA online and magazine, it take 2 months to get it in the magazine to time it to be in the Spring Edition
GL
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