Only 1 sale in Jackson since 1/1/09, and this was a fractional interest property!
However, i noticed last nite, some pending sales, which is encouraging. Expect to see re-pricing in all market segments! Keep an eye on the most recent sales to guide in pricing listings. Avoid unrealistic pricing, as it will be a waste of time. The recent sales I have observed are for the most part, selling below prices noted in summer of 2008! As the market adjusts, so must the participants, if you want to play the game.
Ken