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.
