Price signal?

7 Dairy Road has cut its price from $5.850 to $5.450 million. While a 6.8% trim isn’t particularly significant, it does serve as a sign that the owners have abandoned their exuberant dreams of a month ago, and are possibly willing to listen to a more reasonable offer. I might throw maybe $5.2 at them now, and if it’s still hanging around a month from now, I’d try the town’s appraised value of $4.8.

That’s if you like Dairy Road and this home’s architecture, of course, and opinions may differ on both.