You know it's time to cut your price ...

239 palmer hill Rd

When your competition is selling and yours isn’t. 239 Palmer Hill Road has been sitting around since August and priced at $2.329 million, with no takers. On the other hand, 195 Palmer Hill Road hit the market at $2.195 million a few days ago and has received multiple offers: it’s a good bet that one of them has already been accepted.

So that means that buyers willing to live on Palmer Hill Road looked at your $2.329 house and rejected it, while several of those same potential buyers have offered to buy195 Palmer and even pay more than its asking price; that’s a clear sign that yours is overpriced, and the listing agent has wisely listened to the market. Today, 239 Palmer was dropped to $2.199. That might bring back some of those lookers who refused to bid before, though it’s my guess that the same buyers who offered to pay $2.195 (and more) for 195 Palmer have already given their opinion that 239 is worth less.