Why hasn't this MLS house in Gulf Breeze, FL sold yet?

[Jennifer Ross]

Even though we haven't moved yet, we check daily to see what's going on in the Pensacola area. I saw that this house was reduced $5,000 today. It's on the MLS for $160,000, it's been 80 days. It looks clean, albeit a little bland. If you're familiar with this area, is there a reason it hasn't sold yet?

Since they just lowered the price today I would assume they haven't gotten any recent offers.  I did a search for homes in that subdivision that have recently sold and the range was about $205k to $225.

Looks like there may some decent margin here:  3770 Landon Ct. Gulf Breeze, FL

Is there something I'm missing?  Or does it take that long to sell homes there?