Pretty house, pretty setting, but the wrong price, apparently.

7 Orchard Drive, Milbrook, has whacked another $500,000 off its price and is now looking for $4.995 million. It began at $6.050 April 24th and so far there have been no takers, but to the owners and agent’s credit, there have now been two substantial price “adjustments”. Too often, owners cling stubbornly to the price they want, or the price they “need”, while the market marches around and past them. That’s a losing strategy.