Budge Realty Group is pleased to present our comprehensive market report for Third Quarter 2018. In this detailed report, you will find information on the market segments making up the Jackson Hole area. As the market leader in Jackson Hole, we have developed a more dynamic report that sheds fresh light on the insights and trends that are shaping our real estate market.
The real estate market in Jackson Hole so far in 2018 continues its strong path with 12% more sales and a 13% increase in median sale price compared to a year ago. Rising prices have caused supply of properties under $500,000 to dwindle, which is apparent in the 21% decrease in transactions under $500,000. The majority of transactions took place in the $500,000 – $1 million segment, accounting for 35% of the sales so far this year. The $2 million – $5 million segment had the largest increase in transactions, up 83% compared to a year ago. The Town of Jackson continues it’s reign with the most sales of any area, by far. Inventory continues to decrease, down about 19%, which has contributed to the 16% decrease in the average amount of days a property is on the market.