Although there is a continued shortage of inventory in the Teton County, Idaho, and Alta, Wyoming areas, the Teton Valley real estate market managed to post a 12.8% year-over-year gain in dollar volume for the first six months of 2022 (or $277.3M in sales this year vs. $245.7M through Q2 2021).
While transactions were down 24.2% for the same period of time (or 598 sales for 2021 vs. 453 for the first half of 2022), buyers have a few more choices heading into the summer of 2022 with listings up 16.6% as of July 1st. Despite a jump in mortgage interest rates and other external factors beyond Eastern Idaho, activity remains high in Victor, Driggs, and Alta, Wyoming.
