Jackson Hole Market Report Year End 2022

From a dollar volume standpoint, the market is still seeing impressive numbers compared to 2019. After readjusting from the minimal inventory and ultra competitive demand fueled markets of 2020 and 2021, we still saw a total dollar volume increase up 55% in 2022 vs. 2019. As the market continues to shift, it is important to have a comprehensive understanding in order to make informed decisions. There are multiple pieces to this puzzle, and Compass Jackson Hole is committed to accounting for ALL Teton County real estate sales to help guide you through these changing markets. 

 

Commercial transactions accounted for only 8% of the total transactions last year, but represented 29% of the total dollar volume at $525M. Average sales price and median sales price are both still on the rise as a result. Inventory saw steady rises over the last year, but average days on market has decreased by 41%, suggesting transactions are still happening at an accelerated rate. Normal and anticipated, this rebalancing of the market is providing a unique opportunity for both buyers and for sellers, especially with the favorable trends in interest rates.

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.