Nothing going on in the market but rentals

Going down?

Lots of those: new, closed, pending, but nothing exceptional or worth noting. There's a single family price reduction, 16 Boulder Brook Road, down today to $4.7 million, which might merit attention — it sold new for $5,832,000 in 2007 — but that was a crazy price back then, so it's hardly a surprise to see it drop so far today.

That 2007 sale, right at the crest of the market, lured a number of developers to rush onto Boulder Brook to build spec houses priced in the high $6's, even low $7's, to their sorrow. I don't know who, if anyone, was advising these builders, but any number of realtors could have warned them against their great expectations, had they asked.