What a reduction tells you here
A single cut after several weeks on a rural or waterfront property is usually the seller catching up with reality, and the new price may be fair or close to it. Repeated cuts on the same listing tend to mean showings turned up something, such as a well that runs low in August, a septic system at the end of its life, an insurance problem with a wood stove or an old barn, or a shoreline that is mostly weed bed by midsummer. Ask the Miller team to pull the full history, including any previous listings under other brokerages, and to check for issues that have surfaced in inspections. In the villages, a reduced bungalow that now sits in line with recent sales often goes quickly, so if it is the right house, be ready to act rather than waiting for a further cut.