Houston sellers blinked: the biggest price cuts this week

Houston sellers are blinking. 24 active listings cut their asking price, totaling $15,541,389 shaved off original asks.

The largest percentage cut: 1626 De Soto, now $1,600,000 after a 90.0% reduction from $16,000,000.

2 of the 24 were originally over $1M. the high end is where pricing pressure is concentrated right now.

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