Katy sellers blinked: the biggest price cuts this week

Katy sellers are blinking. 12 active listings cut their asking price, totaling $1,570,732 shaved off original asks.

The largest percentage cut: 1402 East, now $679,000 after a 24.6% reduction from $900,000. The biggest dollar cut went to 29315 Stockdick. $500,001 off the original ask.

4 of the 12 were originally over $1M. the high end is where pricing pressure is concentrated right now. Geographically, Sunterra leads. 2 of the 12 cuts came from there.

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