The 2022 Third Quarter Market Report is here!
As the number one brokerage in total dollar volume and transaction volume in the region, Compass Jackson Hole continues to deliver results, despite the shifting market.
Even though the market is continuing to readjust through the end of Q3 2022, dollar volume is still up 59% compared to this quarter in 2019. When looking at the entire market, total dollar volume may have decreased 32%, but Teton County is still experiencing its third best year in history from a dollar volume standpoint. Average sales price and median sales prices are still on the rise, and average days on the market have decreased, demonstrating that deals are continuing to happen at an accelerated rate. Increased inventory allows buyers to have more options, and high prices ensure sellers are still benefiting from the high demand for real estate in Teton County. Even though interest rates are increasing, compared to historical averages, they remain relatively low. Ultimately, this most recent market report demonstrates that the market is fairly balanced, compared to the past two years, and is stronger yet than 2019.
As the market continues to shift, we keep moving forward. Contact us today with any questions about where we think the market is heading, and how we can help you navigate it confidently.