The housing market gets a positive Fed day for a change

Knoxville has 2,039 active listings this edition, with a median asking price of $410,000 and a median of 55 days on the market. Knoxville saw 14 asking-price cuts and no increases this edition. The Knoxville page lists every home there.

Next door, Chattanooga has 41 active listings and a median asking price of $350,000, $60,000 lower than Knoxville's. Per square foot the median asks $214 in Chattanooga against $234 in Knoxville, so Chattanooga is lower; the median lot is 0.23 acres in Chattanooga against 0.28 acres in Knoxville, so Knoxville has more land. Also nearby, Maryville has 424 active listings and a median asking price of $442,500, $32,500 higher than Knoxville's. Per square foot the median asks $228 in Maryville against $234 in Knoxville, so Maryville is lower; the median lot is 0.72 acres in Maryville against 0.28 acres in Knoxville, so Maryville has more land. Every figure is an asking price from the same edition.

Across the whole market the Gazette counts 12,624 active listings with a median asking price of $349,500. The median asking price works out to $236 per square foot. The median time on the market is 79 days. The by-the-numbers page sets out every city, with the charts.

Edition No. 6 covers Oct 28 to Oct 29, and in that window 49 new listings came on, 33 price cuts were recorded, one price increase was recorded, and 35 listings left the active market.