The cheap homes aren't the fast ones. Here's what actually is.
Across the territory, homes under $219,999 carry a median 93 days on market, nearly double the 55-day median above that split.
Y'all, here's the reversal nobody saw coming: the cheap homes are the slow ones.
Across the territory's priced actives, the split runs almost dead even on price. 1,470 of them sit under $219,999. 1,473 sit at or above it. Same count, both sides. So this isn't a sample-size trick.
The entry-level band carries a median 93 days on market. The band above it? A median 55 days. That's not a small gap. That's the entry-level shelf sitting almost twice as long as the pricier one.
Ask the obvious question: shouldn't cheaper homes move faster? Everybody wants a deal, right? The data says no. Here, price down doesn't mean speed up.
Extremely, extremely counterintuitive, and extremely, extremely worth knowing before you price anything under $219,999 expecting a quick sale.
There's a second piece to this. Of this week's 25 largest price cuts, nearly all landed on homes listed well above $219,999. And that upper band is the one already moving faster, at 55 days. So sellers up there are cutting harder in dollar terms while still closing quicker than the entry-level band below them. Proof first: that's the pattern in the cuts list itself, not a theory about why.
If you're buying under $219,999: expect competition to be thinner than the price suggests, and expect the process to take longer. Ninety-three days is the going rate right now, not the exception.
If you're selling under $219,999: price it like you mean it the first time. A slow shelf punishes a soft price more than a strong one, because sitting is the default outcome here, not the accident.
If you're on either side above $219,999: the market is already moving at 55 days, and the biggest cuts this week are happening even there. Fast doesn't mean cuts stop. It means cuts happen and the home still sells sooner.
Here's the maxim: cheap isn't fast. Priced-right is fast.
What would change this read: if next week's cuts start concentrating below $219,999 instead of above it, or if the days-on-market gap between the two bands narrows. Watch that split, not the headline count of cuts.
The limit: this is one week's band split against one week's cut list, against 96 recorded cuts territory-wide. It tells you what happened this week. It doesn't tell you why, and it doesn't tell you what happens next week.
Tammi Montgomery Team
STORY: Sub-$219,999 homes carry a 93-day median DOM versus 55 days above the split; this week's largest cuts concentrate above $219,999 even as that band sells faster. SPENT: 1,470/1,473 band counts; 93 vs 55 median DOM; 25 largest cuts; 96 territory cutCount. USED: opened on the reversal itself (cheap = slow), then established the band split, then the cuts counterpoint, then buy/sell instruction, then watch list. LIMITS: one week's band split and cut list; sample doesn't explain why, doesn't forecast next week. WATCHING: whether next week's cuts shift below $219,999, or the 93/55 gap narrows.
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