Katy sellers blinked: the biggest price cuts this week

Katy sellers are blinking. 24 active listings cut their asking price, totaling $1,893,536 shaved off original asks.

The largest percentage cut: 0 Fm 529, now $1,650,000 after a 22.4% reduction from $2,125,000.

1 of the 24 were originally over $1M. the high end is where pricing pressure is concentrated right now. Geographically, Sunterra leads. 7 of the 24 cuts came from there.

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