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JACKSON HOLE REAL ESTATE REPORT

2024 First Quarter

The $418m NAR Settlement Reshapes Wyoming Real Estate Landscape

Last month, there was big news in the real estate world: the National Association of Realtors unveiled a $418 million settlement aimed at resolving nationwide litigation concerning broker commissions and claims from home sellers. The crux of the matter lies in two significant changes: commissions will no longer be posted in the MLS (multiple listing service), and buyers will now be required to have written agreements with their agents.

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  • While other local Real Estate Brokers attempt to report on the local real estate market, we are the only ones to track every single transaction. Therefore, if you want the most accurate information to help guide you through your next real estate transaction, please call David, Devon and Luke today. “We are the Experts”.
  • All statistics are supplied by sources that have been deemed reliable but are not guaranteed.
    All statistics quoted in this newsletter are based on sales in 2023 compared to sales in 2022.
  • Median sale price is the cost of a property that has an equal number of sales above and below it on the price scale.
  • Average sale price is the total combined dollar volume divided by the number of sales.
  • In this report, “overall” refers to all sales in Teton County combined (homes, lots, condos, commercial, ranch), minus Alta, WY.
  • The term “Market Value” means the value of property in terms of what it can be sold for on the open market; current value.

© Copyright 1995 – 2023 by David E. Viehman and Devon Viehman. All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means without explicitly written permission from David E. Viehman.

THE VIEHMAN GROUP

Post Office Box 2431
70 S King St
Jackson, WY 83001
(855) 722-2023 Fax

DAVID VIEHMAN

Associate Broker
307.690.4004
david@jacksonholereport.com

DEVON VIEHMAN

Associate Broker
307.690.0621
devon@jacksonholereport.com

LUKE SMITH

Associate Broker
307.699.5921
luke@jacksonholereport.com

© Copyright Jackson Hole Report 1995 - 2024 & Jackson Hole Luxury Report 2013 - 2024
© Copyright Engel & Völkers 2024. All rights reserved. Each brokerage independently owned and operated. All information provided is deemed reliable but is not guaranteed and should be independently verified. If your property is currently represented by a real estate broker, this is not an attempt to solicit your listing. Engel & Völkers and its independent License Partners are Equal Opportunity Employers and fully support the principles of the Fair Housing Act.