Multiple offers but no one buys?

[Joe F.]

Couldn’t make end time of open house so made an appointment with a real estate agent after open house. Listing agent was still there and said there were multiple offers during the open house. So I only gave the house a quick look over, not going to pay more than asking price, lower if anything. This was on day one of the listing and here it is 2 months later and house is still listed. Was I told this just to get me to make and offer?

Also, if a house is on the market for a long time does it mean it’s not worth buying? Is it sitting there for a reason?

This is for a house I want to live in for now. Not ready for investment property yet.