Why is this house still on the market?

Im going to look at a house tomorrow that seems to good to be true. 3 bedrooms around 10x10. Has a dining room and a extra room in the basement. A screened in porch. It was buit 2 years ago. It comes with all the appliances. Public water, public sewers. Propane heat. Baseboards. Its not in a flood area. Taxes are only 1800.00 a year. LSTZ 50x63. I saw pictures and it looks great. Its also in a decent area. It seems like it is bank owned. States Must sell This home must be sold Seller/Bank will take the highest resonable offer! Listed at 195,000.00. That is unheard of in this area even though it seems rather small. So why would it be on the market for 260 days.