Cleveland sellers blinked: the biggest price cuts this week
Homes whose asking price came down hardest, leverage points for buyers.
Cleveland sellers are blinking. 11 active listings cut their asking price, totaling $127,650 shaved off original asks.
The largest percentage cut: TBD Carlotta, now $25,000 after a 16.7% reduction from $30,000. The biggest dollar cut went to 350 Lucia. $25,400 off the original ask.
Most of the cuts came from the mid-market, where buyers have been waiting out high asks. Geographically, Santa Fe Village leads. 3 of the 11 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 Cleveland prices break down right now.
- <$250k1,08674%
- $250 to 500k25417%
- $500 to 750k433%
- $750k to 1M332%
- $1M+423%
Ranked by percentage cut.
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