After the high number of transactions and high appreciation rates noted in many market segments in Jackson and the nearby communities outside of Jackson over tha past few years, it is important to note that the current slow down is not unusual or abnormal. Prices cant go up for ever, just like trees dont keep growing straight into the sky.
My observation is the local markets have gotten a dose of what has happened nationally. Lots of speculation over the past few years, has created a over active market. Things have returned to more of a normal market, with many sectors shifting to a buyers market. So if your a buyer, things may appear to have gotten more favorable. If your a seller, you must be more realistic with your pricing!