JACKSON, WY— Jackson Hole Real Estate Associates proudly released 2018’s quarter one market report this week.

The detailed report presents information on the market segments making up the Jackson Hole area. As the market leader in Jackson Hole, JHREA has developed a more dynamic report that sheds fresh light on the insights and trends that are shaping our real estate market.

The report found that while the total dollar volume in quarter 1 of 2018 was almost the same as 2017, the number of transactions increased significantly, up 22 percent. Average sale price decreased by 36 percent. This figure was skewed by a large transaction in 2017. The median sale price decreased by 11 percent and was a function of the type of property transactions that took place in the beginning of 2018. Nearly 60 percent of the transactions in quarter 1 were in the under $1 million price segment, a 40 percent increase when compared to the same period last year. New inventory remained very low driving average days on market down  15 percent.

Read the full report here or contact a real estate professional for a market update in your area.