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.
Read our full report below:
Questions about the market, or what the Q3 report means for your real estate goals in Teton Valley? Get in touch any time – we would love to hear from you!
Joanne: joanne.labelle@jhsir.com | 208-313-7669
Natalie: natalie@tetonvalleyteam.com | 208-709-1945
