05/15/2026
The Park City and Wasatch Back market continues to show something we’ve seen consistently over the last several years: demand is still very much present for the right product.
April closed with more than $333 million in residential sales volume across 149 transactions, with an average sold price above $2.2M. Nearly half of all homes sold within 30 days, and those properties averaged a strong 98% sale-to-list-price ratio.
What stands out most to me right now is the growing divide between homes that are turnkey and priced in line with today’s buyer expectations versus homes entering the market with aspirational pricing.
Buyers are still willing to move quickly and pay strong numbers for properties that feel move-in ready, well positioned, and appropriately priced. But inventory sitting beyond 120 days is becoming more common, and those homes are seeing noticeably more negotiation leverage.
In other words, this is not a weak market. It’s simply becoming a more selective one.
If you’re considering buying or selling in Park City or the Wasatch Back, strategy matters more right now than simply “being on the market.”
