Where do asking prices sit right now? The latest read of the market

Against the previous edition (No. 5), the active count is flat at 12,624 (12,610 before); the median asking price is flat at $349,500 ($349,900 before); the median time on the market is up 1.3% at 79 days, from 78 days.

Since the last edition 49 new listings came on, 33 homes cut their asking price, one raised it and 35 listings left the active market. The biggest cut was $200,000 (16.7%) at 2760 River Island Blvd, Kodak, TN 37764 in Kodak, now asking $999,000. The longest-listed of the re-priced homes is 225 Collier Drive 1317, Sevierville, TN 37862 in Sevierville, 230 days on the market and now asking $159,900.

Of the 12,587 priced listings, the largest share, 43.3%, asks under $300k.

Knoxville, the busiest city, carries 2,039 active listings (16.2% of the market), with a median asking price of $410,000 and a median 55 days on the market, 2 more active listings than the previous edition.

How long has the active market been sitting? 22.6% of the 12,624 dated listings came on within the last 30 days, 31.4% are between 30 and 90 days in, and 46% have passed 90, around a median of 79 days.

The median listed home measures 1,872 sq ft, and the median asking price works out to $236 per square foot. The biggest size group is 1,200–2,000 sq ft, 3,178 of the 8,336 listings with a square footage. Most of the listings that state bedrooms have 3: 4,126 of 8,285. Where a lot size is given (12,457 listings), the median is 0.69 acres.