Chuck Prince, Citigroup CEO wants to put the events of the last year behind him and move on, literally. However the slump in the housing market is not cooperating.

Bloomberg News is reporting that Chuck Prince's five-bedroom Tudor-style house in Greenwich, Connecticut, which has been on the market for six months had the price lowered by $300,000 to $5.85 million. The housing slump has clamped down many home sellers hopes for a quick sale. The median home price in Greenwich fell 8.1 percent in the first quarter from a year earlier.

Prince is still above water on his property. He paid $4.48 million in 2003, the year he took over the reins of Citigroup. He put the property on the market in January, two months after being forced to step down from Citigroup for its poor performance.

Twenty-four homes for more than $5 million in Prince's neighborhood have sold this year, only about 20 percent of the 113 total last year in Greenwich. But Prince is not doing too bad as he is waiting out the sale in sunny North Palm Beach, Florida in his new home which he spent $3.3 million for.