Memphis area average home sales price up 10.9% from 2013

Although the total number of homes sold in January 2014 was down 14.9 percent from 2013, the average sales price rose to $139,721.  The total number of homes on the market for sale continued the decline to 5849 units. 

Many homeowners who were upside down on their home a few years ago might find that the increase in property values gives them another chance to sell their home. 

Find out what your home is worth here.