Budge Realty Group is pleased to present our comprehensive market report for Mid Year 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.
Jackson Hole’s real estate market started very strong in the first half of 2018 with number of transactions up 11% and average sale price up 10%. Even more important to note was the increase in median sale price, a more accurate indicator, up 22% from a year ago. The majority of transactions were in the $500,000 – $1 million price segment, however, there was a sharp increase in transactions over $5 million, up 77%. This sharp increase drove total dollar volume up by 33% compared to a year ago. The single family home segment was the most popular among buyers achieving 41% of the mid-year market share. Inventory continued to decrease as did well-priced new inventory, which was a contributor to the 23% decrease in active listings and 13% decrease in average days on market.
While this report outlines the general trends of real estate in Jackson, WY for the year to date, each neighborhood and property type can vary greatly from these general trends. Consequently, be sure to contact the experienced professionals at Budge Realty Group for specific market information in your neighborhood. Additionally, we are happy to provide a private consultation about your property. Email us at email@example.com or call (307) 413-1364.