The Q4 Real Estate Market Reports are in!
Mountain Standard is here to be your resource for all things Jackson Hole and Teton Valley real estate. Wondering what's been going on in the market lately and how it could affect your buying or selling plans? We're here to break it down for you.
Jackson Hole, Wyoming
This quarter, the market in Jackson Hole continued to show a fair amount of resilience and adaptability in the face of national economic and environmental challenges. The JH market overall has experienced a 24% decrease in dollar volume compared to last year, indicating a continuation of a more selective buyer pool (a trend we saw last quarter). The Buyer-Seller dynamic continues to normalize post pandemic era. Compared to this time last year, properties are spending 40% more time on the market, but properties that are being priced correctly continue to sell!
Teton Valley, Idaho
Teton Valley saw similar decreases in sales volume and dollar volume, but saw more activity than the surrounding markets this quarter! Similar to last quarter, the stats varied quite significantly from market segment to market segment. For example—single-family, condos, land and farm and ranch homes all saw decreases in transactions, but the commercial market marked a 46% increase in transactions. Similar to Jackson, the Buyer-Seller dynamic continues to normalize, offering opportunities and challenges on both sides, throughout each segment.
What does this mean for me?
Check out the full reports below: