Real Estate Market News

Home prices in the Teton Valley market have stabilized and values have slowly been increasing. Most of this has been supported by sales which have brought inventory volumes back to normal levels. There has been an increase in the total number of homes sold year over year. The Resort home market has seen a quicker recovery than homes outside of resort areas. Regarding land sales, the average days on the market has fallen, which is good news for sellers. This is a perfect time for Buyers to take advantage of lower prices on existing homes whose values haven’t climbed much yet and especially on land where values have only stabilized.