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Updated almost 5 years ago, 12/15/2019

User Stats

10
Posts
3
Votes
Logan Eckstein
  • Rental Property Investor
  • Raleigh, NC
3
Votes |
10
Posts

Why did the price on these homes drop so substantially?

Logan Eckstein
  • Rental Property Investor
  • Raleigh, NC
Posted

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?

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