Is anyone really surprised. I remember catching a boat load of flack when I started checking declining back in 2006. We have yet to hit bottom, three years to bounce back my ***. I saw a few tumble weeds when I was out driving comps the other day.
We made an offer of $200,000 Sunday. House was built in 2001, 2,150 SF with high quality finished basement. Asking price 18 months ago...$280,000. 28% drop. Rumors had it that he originally tried to sell it for $310,000, that would be a 35% drop.