The Jackson market has started to show signs of improved strength over the past few months. Inventory has been at historically low levels in some key areas of the market for most of last year but have now started to increase to much improved levels, especially in Feb. 2008. My market indicators are also pointing to an increase in deals as inventory starts to come on-line. In addition we have seen several properties in highly sought after areas of town lasting only a week on the market before an offer is made, many times with several offers coming in. This all points to a market that has not, to date, seen major impacts from the nationwide financial crisis. The underlying factors of supply and demand are still intact here in the valley, namely only 3% of he land is available for public purchase and the desirability of the area remains high. Jackson has become more of a place that people move to to get away from the hustle and bustle of the big cities and not just a vacation destination. In addition the amenities available to residents now, when compared to say 10 years ago, are astounding. With everything from world-class music and film festivals to renowned performing arts and the well known abundance of outdoor offerings, Jackson truly has become a place to be, not just a place to visit.
