The only thing that kept the Jackson Hole real estate market from another blistering sales record in the first quarter of 2022 was the fact that there are simply not enough homes available in the Tetons.
With just 35 homes currently on the market, unsatisfied demand drove the median sales price to more than $4.0 million last quarter, a 38% increase year-over-year. But the extreme lack of supply sent the number of units sold tumbling by 57% and the overall sales volume slipping by 48%.
While a dearth of inventory has been common in recent years, more than 600 homes still sold in Teton County at the height of the pandemic, making the current shortage unprecedented.
You can read the entire Teton County, Wyoming Market Report for First Quarter 2022 from Jackson Hole Sotheby’s International Realty below.
If you are a local homeowner and in a position to do so, the time has never been better to sell your Jackson Hole home. If you are looking to buy, connect with us so that you are among the first to know when a new home does become available. Don’t hesitate to email us at email@example.com or call 307-739-8190.