The real estate market in Jackson Hole has recently shown significant resilience and adaptability in the face of various economic and environmental challenges. The overall market has experienced a 29% decrease in the number of sales year-to-year, indicating a more selective buyer pool. Cash transactions are still prevalent, with 54% of purchases made without financing. The real estate market’s inventory has expanded with an 18% increase in active listings, providing buyers with more choices. The total dollar volume, while down by 28% at $961M, suggests a market that has been affected by external factors. Interestingly, the median sales price and average sales price have remained stable, indicating a relatively consistent pricing environment. Despite these shifts, it’s noteworthy that properties are spending 49% more time on the market, suggesting a shift towards a more balanced and discerning buyer-seller dynamic.
