Rental getting even less interest after lowering rent

[Nicole Heasley Beitenman]

Hi BP! I posted a rental on Zillow, Craigslist, and FB 25 days ago. I gave over 10 showings and got many more messages from Zillow expressing interest who never responded to my replies. However, no one wanted to proceed with a lease. We were doing some work on the basement, and I did have it listed above market, so I decided to pull it off Zillow for a little while. I gave it a week and put it back up at a reduced rate. Its been several days, and I've gotten no interest. What could explain the lack of interest I'm suddenly seeing in my property?