Katy sellers blinked: the biggest price cuts this week

Katy sellers are blinking. 24 active listings cut their asking price, totaling $1,570,309 shaved off original asks.

The largest percentage cut: 5214 Swaying Reed, now $314,990 after a 18.5% reduction from $386,500. The biggest dollar cut went to 25435 Schmidt Dr. $115,000 off the original ask.

1 of the 24 were originally over $1M. the high end is where pricing pressure is concentrated right now. Geographically, Elyson leads. 5 of the 24 cuts came from there.

For buyers, these are . sellers who have already adjusted once are more likely to adjust again at the negotiating table.