A crazy price happens when a home seller lists their property for sale at an unrealistically high price. They do this for many reasons, perhaps the most common being that they think they will get more money for their home if they start high and negotiate down. The reality is that an overpriced listing stays on the market way too long, meanwhile getting stale and seeing declining buyer interest. So, a home that should sell for $800,000 gets listed at $950,000 and sits on the market for months. Eventually, the price gets lowered, and the home ends up selling for $775,000 after 10 months on the market. In Summit County, Colorado, if this home had been priced at $800,000 from day one, it probably would have sold at full price in 10-30 days.