Memphis Local Information

Population: 646,002
Zillow Home Value Index
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Data through 09/30/2009
Zillow Home Value Index $80,100
1-Year Change -4.1%
Median list price ($) $96,500
Median sale price ($) $118,200
Total homes sold in Sep 1032

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Question I am interested in buying a property bank-owned. is half price a good start to bid on a property
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