Well, yes: if your house isn't selling in THIS market, you've priced it too high

98 Doubling Road dropped today from $7.495 million to $7.250. I’ve never thought much of this property, not the land, the siting, or the house itself. And just to spite me and reveal my lack of real estate acumen, the market has shouted otherwise, loudly and often. Here’s its price history:

It sold new in 2006 for $6.950

Sold again in 2007 for $7.770 million, demonstrating the hysteria of that era and the folly of joining in it, for these owners paid “just” $7.4 million for it in 2009.

They put it back on the market in 2018 at $6.995 but it expired unsold. It returned this past April at $7.495 and as we see today, that wasn’t the right price. Perhaps this one will prove to be the winning number, though if I’d blown it, and sat through the hottest part of the market with an overpriced house that no one wanted, and were now facing the cold winter of market dormancy, I’d probably be a bit more aggressive in trying to lure a buyer.

But that’s just me.