1st Quarter 2023 Market Snapshot

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Hello Folks,

The latest statistics for the 1st Quarter of 2023 were just released by the Park City Multiple Listing Service, and the numbers show a continued moderation of activity in our market. As you will see below, sales volumes are generally down, but prices continued to increase in many areas. How can that be, you ask? Well, one of the main drivers behind reduced volume is lack of inventory, not lack of buyers. In that situation, the transactions that are happening reflect the shortage of inventory. That said, the market is reasonably balanced, and we expect reasonably stable prices over the next 6-12 months.

I hope you are looking forward to Summer as much as I am!

Regards
  Murray

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INTEREST RATES  As of April 13, 2023

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12 Month Rolling Year-Over-Year   |   April 2021 - March 2022  vs  April 2022 - March 2023

SINGLE-FAMILY HOMES by Neighborhood

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CONDOMINIUMS by Neighborhood

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VACANT LAND by Neighborhood or Area

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Please reach out with any questions you may have about your specific real estate needs.
Wishing you a wonderful start to the Spring season!

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Savor The Summit - Don't Forget to Book Early!

Savor The Summit will be back on Park City's Main Street on June 24th! This is one of our favorite summer events, but you must plan early if you want to attend. So check out this list of participating restaurants, and get your tickets as soon as possible. Look forward to seeing you there!

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