Jackson Hole real estate market shrinks

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JACKSON, Wuo. (KGWN) - A recent report shows the available housing inventory in Jackson Hole is the lowest it has been in more than three decades.

The Jackson Hole Report's year-end review, which compiles and analyzes data from every free-market real estate transaction in Jackson Hole each year, states there were 31 percent fewer sales in Jackson Hole than in the years before the Great Recession, and the median sale price was $1.3 million, tied for the highest ever.

The median list price for single-family homes was $2.65 million, highest on record.

David Viehman, an associate broker at the Clear Creek Real Estate Group who produces the report with fellow brokers Devon Viehman and Luke Graham Smith, says the trend is going to worsen unless something changes.