Park City Real Estate Market Report Q1 2026

Park City Market Report

QUARTER 1 • 2026

Summary of Major Areas

1st Quarter Snapshot

April 2026 – The greater Park City real estate market opened 2026 with a split personality. Single-family home sales surged forward with impressive momentum, transactions up 14% and total volume up 9% from Q1 2025, while the condominium market hit the brakes hard, posting steep declines in both units sold and total volume. Below the headline numbers, however, the story is more nuanced: prices held firm or rose in most areas, and the broader rolling 12-month data (April 2025 through March 2026) tells a much more stable, even optimistic tale. If Q1 felt like a mixed bag, context reveals a market that remains fundamentally healthy.

The Big Picture

A Tale…

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Park City Real Estate Hits Near-Record $5.75 Billion in 2025

PARK CITY — The Park City real estate market closed out 2025 with a historic performance, posting $5.75 billion in total sales volume. According to the year-end report from the Park City Board of Realtors, the figure marks the second-highest volume in the market’s history, trailing only the peak seen during the COVID-19 era.

The data suggests a return to pre-pandemic equilibrium, characterized by steady transaction volumes and exceptional strength in pricing. Despite a typical holiday slowdown in December, the overall 2025 market demonstrated a robust recovery from recent volatility.

Price Appreciation Drives Volume

The surge in dollar volume was largely fueled by rising property values rather than a spike in the number of homes sold.…

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Park City Utah MLS Activity Report | November 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

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

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

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

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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