Do the homes cutting prices ask more or less than the East Tennessee median? The median read

Since the last edition, 159 active listings in East Tennessee lowered their asking price. The median cut is $10,000, or 2.6% of the old asking price. Together the cuts took $3,003,491 off asking prices. That is 1.3% of the 12,414 active listings in the edition.

Sixty-eight of the 159 listings cut ask less than the market's median asking price of $348,000 after the cut, and ninety-one ask more.

12 listings on this page; Sevierville has the most, 3, asking a median $94,900.

That puts 43% of the cuts below the median and 57% at or above it. The median is taken across every active listing in the edition, not only the cuts.

The median asking price of the cut homes, after the cut, is $369,900, which is $21,900 above the market median.

The most cuts are in the $250–400k band, 65 of them, so the median is a useful yardstick for where the cuts cluster.

A median splits the active listings in half by asking price. A cut home that asks less than the median is not better or worse than one that asks more. The comparison only says where an asking price sits among the others.

The most cuts sit in the $250–400k band, with 65 of the 159 cuts, 41% of them. The median cut there is 2.3% of the old asking price.

Knoxville has the most price cuts, 45 of the 159, with a median cut of 3.1%. Sevierville comes next with 17.

The median price cut is $10,000, or 2.6% of the old asking price.

The median listing had been on the market 61 days when its cut was seen, counted to this edition from the listing's own date.

The biggest cut in dollars is at 1330 Jim Fain Rd, Sevierville, TN 37876 in Sevierville: down $349,100, from $1,199,000 to $849,900, or 29.1%.

One hundred fifty-nine listings cut their asking price, while one hundred seven new listings came on the market, so cuts ran ahead by 52.

Every price on this page is an asking price on an active listing, taken from the MLS listings as of our latest check. A cut is counted when a listing's asking price is lower than it was at our last check. A listing cut twice since then shows as one cut. A median needs three listings with a figure, and it is left out when there are fewer. The page counts 159 cuts.

Each row of the tables below opens the homes behind it, so a count can be checked against the listings it counts. Every price band and every city that has a cut is listed, with the median cut for each.

This page leaves a lot out on purpose. It does not say why a price came down, because the MLS does not say. It reads no listing remarks, and it names no seller. It says nothing about who a home is for. What it can do is count the cuts, size them against the old asking price and show where each home is.

The cards under the chart show the biggest cuts first, ordered by the share of the old asking price that came off. The search above them looks through every active home, so a home that is not among the cards can still be found by city, price or bedrooms.