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.