Three quarters of the way through 2022 the Jackson Hole Real Estate Market continues to show signs up strength.
Inventory is showing signs of leveling out, up 5% month over month. Inventory has increased significantly since the spring, up 180% since May. While we traditionally see a seasonal increase in listings May-July this is larger than historical averages. With that being said, the number of current listings is still historically very low, at 62% of the market average.
Pending properties have increase 44% month over month. This is a good sign that the new listings are being absorbed and not stacking up. Listings are the crystal ball of a real estate markets direction. If listings were increasing, and sales were not, that is an unhealthy sign. The fact pending sales are increasing is a healthy sign.
Sales are also trending up, increasing 29% month over month.
Overall the Jackson Hole Real Estate market still very healthy, and continues to be faring much better than other national real estate markets.
For a more in depth discussion, or for a more specific to you run down of the Jackson Hole Real Estate Market please do not hesitate to reach out.