Katy sellers blinked: the biggest price cuts this week
Homes whose asking price came down hardest, leverage points for buyers.
Katy sellers are blinking. 8 active listings cut their asking price, totaling $383,134 shaved off original asks.
The largest percentage cut: 5538 Bermuda Sands, now $549,922 after a 12.7% reduction from $629,959. The biggest dollar cut went to 3806 Texas Redbud. $87,000 off the original ask.
Most of the cuts came from the mid-market, where buyers have been waiting out high asks. Geographically, Katy Court leads. 3 of the 8 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.
How Katy prices break down right now.
- <$250k914%
- $250 to 500k1,50664%
- $500 to 750k48521%
- $750k to 1M1547%
- $1M+1115%
Ranked by percentage cut.
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