The Park City real estate market continues to shift with the seasons, and the latest data shows some interesting trends. Whether you're a buyer, seller, or simply keeping an eye on the market, understanding these shifts can help you make informed decisions. Here’s a side-by-side look at how the single-family home market in Park City performed from May to June 2025.
Inventory Is Growing
-
May: 225 homes available
-
June: 265 homes available
We saw a notable increase in inventory this past month, with 40 more homes on the market. This gives buyers more choices and indicates a slightly more competitive environment for sellers.
Sales Volume Dropped
-
May: $138,541,169
-
June: $91,757,995
Despite the increase in available homes, total volume decreased. This could be due to a shift toward lower-priced properties or a decrease in luxury transactions. Either way, it’s a trend to watch.
Properties Sold
-
May: 37
-
June: 32
Sales activity dipped slightly with 5 fewer properties sold in June. With more inventory and fewer sales, this may signal a softening in buyer urgency—or a seasonal adjustment.
Days on Market Improve
-
May: 98 days
-
June: 58 days
Homes are selling much faster, with a 40-day drop in average time on market. This suggests that well-priced homes are being scooped up more quickly, even with shifting volume.
Average Sales Price Declines
-
May: $4,905,928
-
June: $2,867,437
The average sales price saw a significant drop, which may reflect fewer luxury sales in June. While this doesn’t mean the high-end market is disappearing, it’s important context for pricing strategy—especially for sellers of luxury homes.
What This Means for You
For buyers, the increased inventory and reduced average sales prices may open new opportunities, especially in the mid-to-high price ranges.
For sellers, pricing your home correctly and preparing it for a quicker sale is essential in a more competitive market.
And for investors, the faster-moving market and lower volume may indicate an upcoming window for strategic acquisitions.
Need help navigating Park City's dynamic market? Whether you're buying, selling, or just curious, I’d love to help guide your next move. Contact me today for a personalized consultation.
