Jackson Hole Real Estate Market Report |  2019 Year-End

Jackson Hole Real Estate Associates is pleased to present the Year-End Market Report for the Jackson Hole area. Derived from our proprietary, forty-year old database (not just MLS data) and our team’s decades of combined experience, Jackson Hole Real Estate Associates’ Market Report is the most trusted and accurate real estate report in the region.

After the banner year of 2018, the overall housing statistics for the Jackson Hole market show a modest cooling off. Using our proprietary data base accounting for sales that were not reported through the Teton County MLS. The total dollar volume dipped 10% and the number of transactions declined by 4%. The average sales price declined 6% to $1,850,190 but the median price increased by 8% to $1,075,000.

The story about inventory: Overall, in Teton County the inventory remains fairly level 2019 vs 2018. Single family home inventory is up 19%, pending listings are up 4%. Days on market is down 7% showing continued growth. The condo/townhome inventory is down 12%. This category is also seeing a shorter time on market, as the demand in this category rises. Pending sales for condos is up a whopping 75%.

Once again Jackson Hole Real Estate Associates is proud to report that while overall sales volume in Teton County dropped 10%, our sales volume grew 12%. This increase indicates JHREA’s growing market share as our team proudly represented the most buyers and sellers of any brokerage in the region in 2019.

We are heading into 2020 with a 40% increase in pending listings indicating a strong start to the year.

The Most Trusted Real Estate Report

Jackson Hole Real Estate Associates owns and maintains the valley’s oldest and most comprehensive real estate database. No other brokerage or agent has the resources available to offer this depth of expertise or insight into market conditions. The unmatched resources and knowledge of Jackson Hole Real Estate Associates – the largest and most dynamic real estate company in the region – combined with the largest independent affiliate networks, Christie’s International Real Estate and Leading Real Estate Companies of the World, allows us to offer the ideal balance of local expertise and global reach.