Slideshow: See how much Memphis-area homes increased in sales price

As residential home sales start to heat up heading into May and the summer months, both buyers and sellers have their eye on price. According to an analysis of data from the Memphis Area Association of Realtors (MAAR), there is good news for sellers. The average sales price for homes in MAAR’s coverage area of the Memphis metro – Shelby, Fayette and Tipton counties in Tennessee – was $164,498 in 2016, which was 3.3 percent more, on average, than in 2015. Of the 21 submarket neighborhoods and…

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