Katy sellers blinked: the biggest price cuts this week

Katy sellers are blinking. 12 active listings cut their asking price, totaling $551,563 shaved off original asks.

The largest percentage cut: 7439 Fraser Peak, now $499,235 after a 13.6% reduction from $577,764. The biggest dollar cut went to 3806 Texas Redbud. $87,000 off the original ask.

2 of the 12 were originally over $1M. the high end is where pricing pressure is concentrated right now. Geographically, Elyson leads. 5 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.