The Jackson Hole real estate market through the third quarter of this year continued the trends seen earlier in the year with a decrease in the number of transactions, down about 10%, compared to the third quarter of 2015. While the number of transactions were down, the average and median sale prices continued to rise with a 3% and 6% gain, respectively. The majority of transactions, about 37%, took place in the $500,000-$1,000,000 price range. Single family home transactions had the most growth this year, consisting of about 40% of all the transactions through the third quarter. This represented an approximate 16% increase compared to this time last year when the condominium/townhome segment was more prevalent.
The number of active listings dropped slightly this quarter, down about 6% compared to the third quarter of 2015. The persistent low supply will continue to be a contributing factor in the supply and demand in Jackson Hole’s real estate market.
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