 |
Home Featured Properties Property Search Blog Services 
Resource Center About Malcolm W. Moser Contact
|
Statistics on Jackson/Madison CountyMany ask me what effect the negative national news regarding sub-prime loans and foreclosures is having on the Jackson/Madison County market. Traditionally, Jackson has been fairly well insulated from national trends. We don’t see either the extreme highs or lows in our market. In Jackson, real estate has historically been a reliable steady investment. Of Course, we’re never completely isolated from the national market. There are typically some short term changes in the way our market performs when there is a downturn in many parts of the country, mostly because people become more cautious. What we’re seeing right now is: 1. There are presently 673 homes on the market, a decrease of 118 at this time last year. The new home count is 139 compared to 181 a year ago. 2. We are beginning to see some sellers reduce their price in response to the longer market times. 3. It is truly a buyers market since buyers have so many more homes to choose from. The positive side of that is—we do have buyers. 4. The Jackson market through MLS is actually reporting a decrease in sales, down slightly 17.9% under last year, 1141 vs. 1390. A positive fact: we live in a well balanced town with healthy retail, medical, colleges, manufacturing, and good transportation. All this helps to stabilize the local residential market. Buyers who have good credit ratings and earnings can find good loans available. First time Home Buyers are eligible for up to a $7,500 tax credit if they’ve bought a home between April 9, 2008 and July 30, 2009. Click HERE! for more information! Click on the links below to download a more in-depth analysis of the Jackson Madison County Real Estate market.
|
 |