After just twelve days on the market, this home's price was jacked up, not down

12 Sawmill Terrace was listed December 3rd at $2.149 million and the owners increased the price today to $2.2 million. I assume that’s because a flood of offers came in and they thought they could encourage higher bids if they raised the floor, but still, it’s a curious tactic, and I might have tried a different approach.

On the other hand, it’s Ed Mortimer’s listing, and he’s got a track record showing that he knows what he’s doing, so, again, we’ll just have to wait to see how this plays out.