While the summer of 2021 was a tough act to follow, the Teton Valley real estate market has kept relative pace this year despite increasing inventory, rising mortgage interest rates, and a return to normalcy following the global pandemic.
Year-to-date transactions on the quiet side of the Tetons are down 32.9% (611 sales this year compared to 910 closings for the same period in 2021) yet dollar volume has only slipped a modest 13.1%, from $459.6M last year to $399.6M this year. It’s interesting to note, however, that the Teton Valley real estate market at the end of Summer 2020 (a record at the time with 656 closings for $230.1M) had only 45 more transactions, and $169.5M LESS in dollar volume compared to the same period this year.
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