Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 5 years ago, 12/15/2019
Why did the price on these homes drop so substantially?
I was looking at some small multi-families on Zillow, just to analyze prices, when I came across a couple of homes in my area (Durham, NC) that had sold for around 500k in 2018. Now, in 2019, the homes are listed for around 250k, a 50% decrease from just one year ago. This doesn't seem to be a market trend, just a thing on these two duplexes. What could cause a price drop like this?