The Hot Sheet · By price band
Ten price cuts now ask $600–900k, the busiest band
Five asking-price bands hold a cut · 10 cuts in the busiest · median 83 days listed.
Among the 29 price cuts in East Tennessee since the last edition, ten now ask in the $600–900k band, more than in any other. That is 34% of the cuts.
The bands run in steps from under $250,000 to $900,000 and up, and a home goes in the band its asking price falls in after the cut. The busiest three: $600–900k has ten, $250–400k has eight, $400–600k has five.
A cut is counted when our copy of the MLS feed saw a listing's asking price lower than it was in the earlier read. The old price is the one our copy saw, so a listing cut before our copy began, or cut twice between two reads, shows as one cut. Every price here is an asking price on an active listing, and a median needs three homes or it is left out.
Together the $600–900k cuts took $257,009 off asking prices, and the median cut is $15,000, or 2.1% of the old asking price. After the cut, asking prices run from $619,000 to $833,000, and the median asking price is $711,948. That median cut is 0.8 points shallower than the 2.9% median across every price cut in the edition. The median home had been listed 83 days when its cut was seen, counted to this edition from the listing's own date.
The biggest cut among them is at 9700 Collier Pass Lane, Knoxville, TN 37922 in Knoxville: down $76,000, from $715,000 to $639,000, or 10.6%.
The table shows every band that holds a cut, and each row opens the homes in it. Every one of the ten cuts is shown below. Each address opens that home's own page.
Asking-price bands
| Price band | Cuts | Share | Median cut |
|---|---|---|---|
| Under $250k | 4 | 14% | $6,500 (9.4%) |
| $250–400k | 8 | 28% | $10,450 (3.3%) |
| $400–600k | 5 | 17% | $5,000 (1.2%) |
| $600–900k | 10 | 34% | $15,000 (2.1%) |
| $900k+ | 2 | 7% | — |