Houston sellers blinked: the biggest price cuts this week

Houston sellers are blinking. 24 active listings cut their asking price, totaling $15,925,300 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. Geographically, Highland Heights Annex Sec 06 leads. 2 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.