A vacant house on my street has been on the market 141 days, and the price reduced twice, from $545K to 535K to 525K earlier this month. The owner died in the house. But the heirs seem in no hurry to make significant price reductions. Perhaps they can afford the carrying costs.
Now get this: zillow is showing his property’s value change in the last week as NEGATIVE $5,316.
I checked my house that I’m renting, and it lost over $5K this week.
