Jackson Hole Real Estate Teton County Market Report Year End 2021

The 2020 Jackson Hole real estate market was a tough act to follow.
An unprecedented demand, fueled by the global pandemic, flooded the region with visitors 18 months ago, and the local community white-knuckled its way through an influx of new residents looking to enjoy an elevated quality of life in Northwest Wyoming.
While it feels like the COVID-inspired influx is beginning to moderate (December, 2021 saw the fewest number of sales in the last 12 months with only 37 closings), the year-end Teton County dollar volume saw another record year with more than $1.9B in sales.
Lack of inventory and escalating prices are certainly part of the tapering. At the beginning of 2022, only 52 homes were on the market in Jackson Hole. More startling is that the average price for the finite choices in Teton County has grown to more than $7M.