Smart price move

2 SPRING ROAD, in Milbrook, was listed 7 days ago at $2.750 million and today was cut to $2.350. That’s a pretty dramatic cut, and I’m impressed that it was done so quickly. Listing agent is Krissy Blake, one of the best, so I’m not surprised.

I don’t know that it happened here, but sometimes an agent will put a property on the MLS at the “owner’s price”, with an agreement that if there’s no favorable response after a short period — say, a week — the price will be dropped to the agent’s recommendation. Again, I don’t know the circumstances of this “adjustment”, but faster is always better than slower, and, especially in this market, in this price range, you’ll know immediately if you’ve overpriced.