Smart move

534 Stanwich Road was listed at $4.5 million on April 11th and was dropped today to $3.995. That might prove to be the right price, or maybe not, but listing agent Barbara Zaccagnini has once again demonstrated her savvy and experience by not dawdling in the face of market resistance. These days, if your property’s not drawing offers in its first week or so of being listed then you’re too high, and you shouldn’t resist that signal; listen to your agent.

Or, you could just read this blog.