The 2022 First Quarter Market Report is officially in!
Quarter One of 2022 is the first chapter in a different real estate landscape in Jackson Hole. The significant shortage of inventory we have been experiencing for the last two years has hit home, causing the number of transactions to drop over 50% and total dollar volume to drop 23% when comparing Q1 2022 to Q1 2021. Total dollar volume for Q1 checked in at nearly $460M (including an off-market hotel sale of over $100M), single family sales prices continue to rise, and the entry-level end of the market is tightening. 38% of real estate sales are now occurring outside of the MLS (Multiple-List-Service), so it’s more important than ever that Compass manually tracks ALL Teton County real estate sales to provide the most accurate and comprehensive overview of the market to help prepare our sellers and buyers to find success in this unprecedented market.