I submitted a query for a children's fantasy novel I wrote to a local agent and she's gotten back to me a lot quicker than I thought, but with a rejection letter. However, she said her rejection was not based on the quality of my writing which is, in her words 'above the level I typically see in submissions' but based on market saturation.
I'm not sure how to feel. A rejection is a rejection, but a compliment is a compliment. This is my first rejection for this novel (had one previously for a book that I'll admit was rubbish) and I didn't think agents generally tried to spare an author's feelings like this. Has anyone else gotten this kind of thing before?