Jackson Hole, Wyo. – Teton County real estate showings are on the rise as 20-percent price reductions and low interest rates have finally lured buyers out of the shadows.
And though some buyers are finding bargains, agents say prices might need to go even lower before the industry does brisk business again.
“We’re seeing a little bit of action, and it’s been very slow, but I think that’s because people have had very unrealistic expectations of what their properties are worth,” Rare Properties owner Rick Armstrong said. “People are realizing that they have to offer value, otherwise the buyers are just going to sit on the sidelines and wait until they see some value.”
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