Despite a warm winter and economic uncertainty, the Jackson Hole real estate market posted 54 sales totaling more than $258M in Q1 2026, with pricing holding strong even as luxury activity slowed. Inventory rose 27 percent year over year, setting up a summer market where supply will play a larger role than it has in recent seasons.

Q1 2026 Teton Valley Market Report - After a record-level 2025, Teton Valley’s market slowed in Q1 2026 as warm winter conditions, higher interest rates, and luxury-segment pullback pushed transactions down. Inventory ticked up slightly and with just one sale above $3M, the region is entering the summer season in clear buyer’s-market territory.

The Resort Report is one of the few places where you get a clear, side-by-side look at what’s actually happening across the top ski markets in the Mountain West. It pulls together real data, on-the-ground insight, and perspective from advisors who are actively working these markets every day. Not theory. Not headlines. Actual performance.

Scarcity, not sentiment, defined Jackson Hole’s luxury real estate market in 2025. With limited inventory and sustained top-end demand, the market delivered strong gains across pricing and volume, particularly in the $5M+ and $10M+ segments. As the 2026 Luxury Outlook shows, lifestyle-driven, hard-asset markets like Jackson Hole remain well positioned for long-term strength.

Jackson Hole’s 2025 real estate market was defined by outsized luxury performance, with top-end sales driving a 31% surge in total volume despite only modest growth in transactions. Limited inventory and rising prices continue to reinforce the market’s long-term strength heading into 2026.

Teton Valley posted its second-best year ever in 2025, fueled by a record-setting luxury segment and a sharp rise in overall sales volume. With the median home price crossing $1M for the first time, the market continues to evolve toward higher-end demand.

Star Valley ended 2025 on solid footing, with sales volume essentially flat year-over-year and notable strength at the upper end, including several $3M+ transactions and the $16M Cakebread Ranch sale. With inventory holding steady into 2026, the market continues to offer stability and long-term appeal.