Q1 JACKSON HOLE REPORT 2024

Seller's Market! That's what the Jackson Hole Report predicts for Teton County in 2024 based on Q1 2024 versus Q1 2023 figures and the fact we have low inventory. The Jackson Hole Report is the oldest and most reliable report, since it tracks both transactions that take place on our MLS and those off market. Last year only 2/3 of the transactions in Teton County actually showed up on MLS. Between last year's and this year's first quarter, the number of sales is higher by 10% and overall dollar volume increased by 62%. Average single family home sales price ($7.02 million) and median sales price ($3.5 million) hit new records. Again, both of these numbers are driven by the fact that we have low inventory overall and very few active properties $2 million and below, skewing the average and median higher. I gave you a short update on NAR settlement in my last newsletter, but the report does a good job of explaining how the settlement is projected to affect WY real estate.