Update, additional data point...
Reference from original post awhile back: Listing price started at 355, dropped to 335. They’re getting it for 315, plus the seller is paying 7500 in closing costs.
Home inspection only found minor issues. Two sections of the privacy fence, beams are fine, but boards are pulling away from the 2x4s. Pretty simple fix. Seller offered to lower the purchase price $1k and have us fix it. Agreed to that.
The appraisal came in at 328, so with a purchase price of 314 they are already ahead. My very stubborn (also old) stepdad is having a hard time understanding how he can "have equity already" when buying a place, but that's what the market is doing around the Walmart HQ area.