Good News for Mississippi Housing Market

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The housing market is looking up in central Mississippi.

The Clarion-Ledger reports that statistics from the Jackson Association of Realtors show higher prices and faster sales than a year ago.

Board president Dorothy Thompson says people finally seem convinced they've survived the worst of the recession and can again make big-ticket purchases.

The association covers Hinds, Madison, Rankin, Copiah, Yazoo, Simpson and Scott counties.

The 2,911 new listings in those counties for the first four months of 2013 are up nearly 5 percent from those same months last year. The association says closed sales are up 4.2 percent, and pending sales have increased by 5.8 percent.

The average sales price for the period was $158,036 -- a 7.3 percent increase from the same period last year.