Mel Gibson's swanky Connecticut estate has been on the market for at least two years.
Despite signs that the housing market is starting to rebound -- including the 9.6 increase in home sales seen in July -- real estate isn't out of the woods yet. Home sales are still down about 70 percent below their peak about four years ago, says the Associated Press.
And while the first-time homebuyer credit (of up to $8,000) is pushing many consumers to buy a home, there is still quite a large inventory of homes for sale -- approximately 9.4 months' worth of sales, according to the National Association of Realtors.
It seems that this housing downturn has been an equal opportunity one -- both the rich and the not-so-rich, the famous and the average Joe has been affected by it. I took the liberty of perusing some of the celebrity homes for sale we've talked about over the past year, and found a few notable ones that are still for sale and are lingering on the market:
Singer and actress Cher has been unable to sell her lavish mansion in Malibu, Calif. -- which was first listed at $45 million more than a year ago, and is now priced at $41 million.
Meanwhile, "Braveheart" and "What Women Want" star, Mel Gibson, still has his Greenwich, Conn., 15,800-square-foot estate -- known as "Old Mill Farm" -- on the market. He has been trying to sell the place for at least two years now, and has slashed its asking price from its original $39.7 million to $29.75 million -- a price cut of nearly $10 million. (Visit the listing at Sotheby's International Realty to view more photos.)
And last but not least (well… least if you think in terms of its price tag), there's the home of divorcing reality-tv stars, Jon and Kate Gosselin of TLC's "Jon and Kate Plus 8." Their home at 2190 Andrew Avenue in Elizabethtown, Pa., has been for sale for at least 170 days (nearly 6 months), according to Cyberhomes. The pair originally hoped to sell the Cape Cod house for $325,000, but now have it listed for $315,000.—Lauren Baier Kim