Q2 Monthly Market Report

The summer season is traditionally thought of as the busiest time of year for real estate agents. This past quarter was no exception. Year-over-year unit sales of single-family homes were 5% to 21% higher in all major areas that make up Greater Park City, with sales volume up 15% to 62% across the region. Median sale prices were steady to up slightly, with the exception of Kamas Valley, which saw a jump of 17%.

In the primary market, which includes Summit and Wasatch Counties, condominium sales were also strong, as 12% more sales units were reported, while the median price was off slightly (2.1%) at $1.12 million. Sales in Heber Valley more than doubled, pushed by new developments at Jordanelle Ridge (Lennar Homes) and Coyote Ridge (Ivory Homes).

Residential inventory hit the highest level since pre-Covid. At the end of June, there were 765 Residential (Single Family and Condo) units for sale. In the nine years prior to the pandemic, June inventory averaged 867 units. While we still have a ways to go to reach that level, the 765 listings for sale was the highest June tally, and the third highest monthly count overall, since the pandemic was declared over in May 2023.

The total sales volume for single-family homes in Summit and Wasatch Counties for the full year ending 6/30/25 was up 19% from the same period a year earlier. Prices rose at historically normal rates with the median home sale price in the PCMLS primary market area up 6.9% to $1.79 million for the year.