Should I be concerned

[Yer Aled]

A question for any real estate persons out there: A tudor style home sells for 560k in 2022. In 2025 it is put up for sale for 450k (a 110k drop) It has gone pending 3 times since December but no sale. What sort of red flags does this raise? It’s been on the market for 300 plus days

[Greg Scott]

Here is what is likely happening.

The house is not worth $450K because it has a major problem.  People put in an offer and they find the problem upon inspection. Then they ask for a price reduction.  For some reason, the seller does not want to sell below $450K so rejects the buyer's offer and the deal falls apart.

I've seen this happen many times.