Jackson Hole Real Estate Kicked Off 2025 With Strong Momentum — Here are GFM’s Market Insights:
We just released our Compass Q1 2025 Market Report which shows a confident and active start to the year across nearly every segment:
- Total transaction volume rose 24% year-over-year, with 72 properties closing in Q1 — up from 58 in Q1 2024. This is still well below pre-COVID levels, largely due to the “local” under $3mm market, being negatively impacted by interest rate increases.
- The luxury market saw renewed energy post-election, with multiple $10mm+ properties going under contract late last year and closing in Q1. This activity pushed the average single family sale price up 42%, surpassing $8mm.
- In the condo and townhome market, less inventory led to quicker sales and stronger performance — total sales climbed 18%, and dollar volume jumped 35% year-over-year. Notably, half of all sales in this segment occurred within 60 days on market, indicating that sellers are pricing accurately and buyers are responding to market-aligned opportunities.
- As for vacant land, don’t let the 20% quarterly drop in transactions mislead you — this reflects a shift from 10 to 8 deals, typical of a low-inventory segment that remains tight.
Overall, the November election sparked renewed buyer activity, especially in the single-family and condo markets. That momentum has carried into early Q2, despite ongoing political and economic uncertainty. If these conditions persist, we could see buyer confidence start to soften — but if stability returns, we’re positioned for a very strong summer.
