3/28/2012 Listed for $688,900
9/16/2012 Price Changed to: $664,900
EXPIRED FROM MARKET ON 12/29/2012
1/20/2013 Price Changed to: $629,900
WITHDRAWN FROM MARKET 1/27/2013
BACK ON THE MARKET 1/29/2013 and the Price Changed to: $657,500
So, yes, they dropped the price to $629,900 for 9 days, pulled it from market and then re-listed at a higher price.
Here is the property:
Massachusetts Premier Buyer Brokerage
617 848 5407 x701
1- Its a short sale and the bank is requiring certain proceeds. It is not listed as a short sale though.
2- Sometimes sellers realize they need more proceeds for a pay off, they have forgotten a home equity line of credit or a second mortgage. Not likely but I have seen it happen.
3- Its a marketing strategy, now that the spring market is coming and prices are rising in some communities.
Those are the reasons I know of, but I'm sure there are others.