25 Woodside, a perfectly nice Milbrook home for those of you who like Milbrook, has dropped its price again and is now asking $3.295 million, just 66% of its 2007 price of $4.995 million. I don’t know whether that’s the price that will finally move this place, although it seems more in line with recent sales, but I just can’t understand why sellers are so excruciatingly slow to accept reality.
If you don’t want to sell then by all means don’t do it – it’s a lousy time to do so anyway unless you’re also planning on buying something else, in which case you can make up on one end what you’re losing on the other. Or, if you have a dream price in mind and just want to test the waters, go ahead with a three-month listing. If nothing happens, let the listing expire and go back to your golf game. But why, oh why, would you drag out the selling process for years, in a falling market, keeping your house always ready to show, disrupting your schedule and getting no results? Beats me.