Park City Utah MLS Activity Report | November 2023

Posted by Utah Ski Properties on December 9th, 2023

Park City MLS Monthly Activity Report - November 2023

Above numbers compared to the same period prior year.

Park City MLS Activity Report

New Listings: New listings, which were being added to the system at a rate of around 200 per month for the first four months of 2023, jumped to over 300 in May and remained steady at over 300 each month until the annual fall slowdown started in September. As the inventory graph below shows, active inventory was 1,736 at the end of August, the highest since July 2020. It has been slipping each month since, which is totally expected as we roll into the holidays.

Pending Listings: One of the reasons that inventory grew through the summer is because agents were writing fewer contracts than they are listing…

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2023 Q3 Park City Real Estate Market Report

Posted by Utah Ski Properties on November 6th, 2023

Park City Market Report Q3 2023.

With inventories returning to a more normal pre-Covid level, and competition for available properties still running strong despite record high mortgage interest rates, third quarter sales totals for single family homes in Summit and Wasatch counties were 46% higher than in second quarter, but the longer lens of year-over-year change showed sales dropped 25% while prices remained steady to up slightly. The median home sale price in the PCMLS primary market area increased just $10,000 for the year ending 9/30/23 vs. the same period ending 9/30/22. The quarterly increase in sales volume presages the direction consumers should expect to see in both prices and sales volume in the year ahead. This decrease in local…

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Park City Multiple Listing Service Monthly Activity Report through August 2023

Posted by Utah Ski Properties on September 9th, 2023

PARK CITY MLS MONTHLY ACTIVITY REPORT - August 2023

Above numbers compared to the same period prior year.

Park City MLS Activity Report

New Listings: New listings, which were being added to the system at a rate of around 200 per month for the first four months of 2023, jumped to over 300 in May and has remained steady at over 300 each month since. As the inventory graph below shows, active inventory was 1,736 at the end of August, which is the first time the total inventory exceeds that of the pre-Covid period in fall 2020.

Pending Listings: One of the reasons that inventory has grown is because agents are writing far fewer contracts than they are listing new properties. 304 New listings were added in August, while only 216 contracts were…

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Park City Real Estate Market Report 2nd Quarter 2023

Posted by Utah Ski Properties on August 9th, 2023

Park City & Wasatch Back Market Report - Q2 2023

Park City Real Estate
2023 | Q2

In 2023, second quarter sales totals for single family homes in Summit and Wasatch counties were 13% higher than in first quarter, with unit sales climbing 22%. Sales prices are a different story. The median home sale price in the PCMLS primary market area dropped from $1.66 million in Q1 to $1.59 million, a decline of 4%.

The market volatility experienced during, and immediately following, the Covid crisis has abated considerably. The Park City real estate market is reflecting trends seen elsewhere in the country, as business returns to a more “normal” seasonal pattern.

• Listing inventory is rising - At the end of Q2 - 2022 only 858 residential properties…

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Park City Multiple Listing Service Monthly Activity Report through July 2023

Posted by Utah Ski Properties on August 7th, 2023

Park City MLS Monthly Activity Report - July 2023

Above numbers compared to the same period prior year.

Park City MLS Activity Report

New Listings: New listings, which were being added to the system at a rate of around 200 per month for the past few months, jumped to over 300 in May and to 359 new additions in June. That number slid back to the May level in July (307). Pending Listings: One of the reasons that inventory has grown is because agents are writing far fewer contracts than they are listing new properties. 307 New listings were added in July, while only 200 contracts were written, making for a net gain in inventory of over 100 homes.

Closed Sales: 2022 showed a return to almost the same sales pace as we saw in pre-Covid 2019.…

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