If you are looking for homes for sale in Jackson Hole I highly recommend downloading a copy of the “The Hole Report” from TheJacksonHole.com. It is chock full of insight into the Jackson Hole home market. The 2009 end of year report is out published by David and Devon Viehman. This is great stuff. The 
have an excellent graph that illustrates the home sale market in Jackson Hole plotting the overall transactions and the overall dollar volume for the years 2005 through 2009. The graph clearly shows the steep drop from $1.57 Billion in Dollar Volume in 2007 to $333 Million in 2009 while the total sales dropped from 899 to 223 that is almost a 75% drop in numbers of sales.
The opinion of the brothers is that the market bottoming out although the describe it as “soggy” which I take to mean that depending upon economic forces that it will still fluctuate one way or the other. They cite 3 stabilizing indicators for this conclusion “1.) Three quarters of increasing number of sales, 2.) Two quarters of decreasing inventory (down 34% since June 2009), and 3.) Three quarters of increased properties under contract at the end of each quarter.” I have a tendency to believe them after all isn’t it the 3 quarter rule on stocks that indicate that a recession is over?
What I really like about the report and the brothers is that they not only have a tremendous grasp of the Jackson Hole realty market but that they don’t play sides. The provide insight to both sellers and buyers. Novel concept. For people who have homes for sale in Jackson Hole they are cautioning them to wait if they possible can until there is a verifiable upward trend. Once the trend is evident they advise the sellers to be prepared to take less and not to “be greedy”. Sound advice in my mind especially if the seller is feeling an economic pinch.
For buyers the advise to look at a property and determine what they think it is worth to them while considering their “must haves” and their ultimate objectives of the purchase. They caution that there are always “… exceptions to all trends” so don’t think about the market timing and the fact that the market my be at the lowest point of the curve. I have to give them a five star chuckle at this one as they also advise the buyer not to listen to “… thunsolicited advice of your overly opinionated brother in-law in Florida.” Isn’t that so true.
If you are looking for homes for sale in Jackson Hole, get the 2009 report. You won’t regret the read.