Mortgage rates fell and demand steadied as inventory dipped

Knoxville has 2,039 active listings this edition, with a median asking price of $404,900 and a median of 53 days on the market. Knoxville saw 15 asking-price cuts and one increase this edition. The Knoxville page lists every home there.

Next door, Chattanooga has 39 active listings and a median asking price of $365,000, $39,900 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 417 active listings and a median asking price of $452,850, $47,950 higher than Knoxville's. Per square foot the median asks $232 in Maryville against $234 in Knoxville, so Maryville is lower; the median lot is 0.73 acres in Maryville against 0.27 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 12,452 active listings with a median asking price of $349,000. The median asking price works out to $237 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. 16 covers Nov 7 to Nov 8, and in that window 45 new listings came on, 71 price cuts were recorded, one price increase was recorded, and 90 listings left the active market.