And COVID continues to clear out old inventory

11 Red Coat Lane (off North Street), currently listed at $2.1 million, reports a contract. I always thought this was a pleasant house but unfortunately, the owners bought at the very top of the last frenzy, in 2008, for $2.830 million, and understandably but unsuccessfully attempted to get back their price when they went to sell in 2014. That effort has stretched, off-and-on since they began at $2.895.

I’m sorry they’re losing money here, but I do think $2 million’s a more appropriate price.