Year-to-date home sales in the Memphis area may be up 22 percent through February, according to the most recent data from the Memphis Area Association of Realtors, but the shortest month of the year had little to contribute to the momentum.Compared to February 2012, the annual change in total home sales last month was negligible, but the median sales price gained almost 20 percent to settle at $80,000. The average sales price was up about 15 percent to $117,016.Those gains helped monthly sales…Read More... [Source: Residential Real Estate News - Residential Real Estate News Headlines | Bizjournals.com]
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