Contract in Rockwood

77 Rockwood Lane, $4.195 million, is reported under contract. A 1951 house that could benefit from some updating, it was listed for $4.6 million in July and dropped to this price October 1. While it’s always a good idea to adjust a price quickly when the market (isn’t) speaking, it’s even more important, I think, to do so now, because the market is hot, and if your price isn’t drawing offers, you’re too high. Don’t blame a dearth of buyers; they’re out there, looking.