The Park City real estate market remained active in July, with inventory continuing to grow while buyer activity slowed slightly from June. Even with fewer homes changing hands, properties sold more quickly, highlighting continued demand for well-priced homes in this competitive luxury market. Here's a closer look at how July compares to June and what the latest year-over-year trends reveal.
Homes Available
Inventory increased from 236 homes in June to 245 homes in July, giving buyers a few more options to choose from. Although inventory remains below last year's levels, it was just 3.9% lower than July 2025, showing continued improvement in available listings.
Sales Volume
Total sales volume declined from $158.0 million in June to $134.3 million in July. Overall, sales volume finished 14.3% below last July, reflecting a slower month for high-value transactions.
Properties Sold
The number of homes sold decreased from 45 properties in June to 39 in July. Closed sales were also 9.3% lower than one year ago, indicating a more measured pace of buyer activity.
Average Days on Market
Homes spent an average of 49 days on the market in July, a significant improvement from 81 days in June. Properties also sold 15.5% faster than they did a year ago, demonstrating that desirable homes continue to attract motivated buyers.
Average Sales Price
The average sales price increased from $3,481,958 in June to $3,602,773 in July, keeping Park City's luxury market above the $3.6 million mark. Even with the month-over-month increase, prices were 1.1% lower than July 2025, illustrating the normal fluctuations that occur within the luxury market.
Overall Market Takeaway
July reflected a balanced Park City real estate market, with modest inventory growth and homes selling more quickly despite a slight decline in sales activity. Buyers continue to benefit from increased selection, while sellers with well-priced, well-presented properties remain well-positioned to attract serious interest. Staying informed on local market trends is key to making confident real estate decisions.
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