Galveston sellers blinked: the biggest price cuts this week
Homes whose asking price came down hardest, leverage points for buyers.
Galveston sellers are blinking. 9 active listings cut their asking price, totaling $90,999 shaved off original asks.
The largest percentage cut: 4724 Avenue Q 1/2, now $299,888 after a 4.8% reduction from $314,888. The biggest dollar cut went to 36 Cedar Lawn. $24,999 off the original ask.
Most of the cuts came from the mid-market, where buyers have been waiting out high asks. Geographically, Galveston Outlots leads. 3 of the 9 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 Galveston prices break down right now.
- <$250k49129%
- $250 to 500k60936%
- $500 to 750k26215%
- $750k to 1M1388%
- $1M+20612%
Ranked by percentage cut.
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