Jackson Hole Real Estate Market Report

Q2 2022

Budge Kelley Realty Group is pleased to present our comprehensive market report for Quarter 2 2022. In this detailed report, you will find information on the market segments making up the Jackson Hole area. The real estate business has been rapidly evolving over the last few years. As a market leader in Jackson Hole for over 30 years, we strive to stay ahead of the competition by continuously studying the market to be the best trusted advisors possible.

The Jackson Hole real estate market re-balances after 24 months of heated demand and low inventory.

The local real estate market is shifting, and quickly at that. In the past 2 years, the lack of inventory has drastically impacted total dollar volume, average sales price and days on market. In the first half of 2021 total dollar volume rocketed to $1.2B, an unprecedented level.

The demand for Teton County real estate was fueled by the pandemic driven desire for rural living and increased interest in the western mountain region. Multiple offers and over-asking price sales became commonplace and many listings were on the market for only a matter of days before they were snapped up by desperate buyers.

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 Kelley Realty Group for specific market information in your neighborhood. Additionally, we are happy to provide a private consultation about your property. Email us at budgekelley@compass.com or call (307) 413-1364.