Smart agent - second price cut in 17 days

21 Amherst Road, NoPo, was reduced today to $1.699 million. Listed at $2.150 April 13, a broker open house was held and I’m guessing that the listing agent’s peers gave her their feedback (we do that; we’re a collegial bunch) because she immediately dropped it to $1.899. Still no action, so the price has been shaved again. In this market, that’s absolutely the right response — don’t wait around.