Why didn’t the strong jobs report send mortgage rates skyrocketing?

In Knoxville the Gazette counts 2,045 active listings; the median asking price there is $407,000, and 53 days listed. Three cuts to the asking price and no increases were recorded in Knoxville this edition. The Knoxville page lists every home there.

Beside it, Chattanooga has 39 active listings and a median asking price of $365,000, $42,000 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 0.21 acres in Chattanooga against 0.27 acres in Knoxville, so Knoxville has more land. Also nearby, Maryville has 416 active listings and a median asking price of $450,000, $43,000 higher than Knoxville's. Per square foot the median asks $231 in Maryville against $234 in Knoxville, so Maryville is lower; the median lot is 0.71 acres in Maryville against 0.27 acres in Knoxville, so Maryville has more land. Every figure is an asking price from the same edition.

For the market as a whole, 12,497 listings are active, and the median asking price is $349,000. Per square foot, the median asks $236. The median home has been listed 78 days. The by-the-numbers page sets out every city, with the charts.

This is edition No. 15, counting from Nov 6 to Nov 7: 21 new listings came on, 19 price cuts were recorded, no price increases were recorded, and 21 listings left the active market.