According to MLS residential data from 2006 to 2009, homes sold in the Jackson area in the $100,000 to $250,000 price range represented strongest overall residential market. Homes in this range in Hinds, Madison and Rankin counties accounted for more than 50 percent of total residential sales annually.
Most significant change is total number of units sold in the category of $500,000 or more, which has dropped since its 2007 peak.
The number of days on the market (DOM) for each price category remained fairly consistent from 2006 to 2009, with the exception of the highest priced homes. The DOM for homes in the $100,000 to $250,000 range has stayed between 90 days and 120 days.
A local metro Jackson area bank said it has received evidence that sales of a number of homes sold for $750,000 or more have not been reported to MLS.
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