I'm not a big fan of timid price cuts, but maybe this one will work, who knows?

After 48 days on the market 26 Tomac Avenue has shaved 2.3% off its price and it is now looking for $4.275 million instead of $4.375. My working theory in these situations is that if house hasn’t sold in seven weeks, especially in a blistering market like the current one, there’s more wrong with its price than can be cured by a mere $100,000 reduction.