Summit Sotheby’s International Realty has released information about real estate markets in the Greater Park City area for the previous month. These market reports focus on units sold, median sales price, days on market and the inventory of homes for sale.

Greater Park City Area – Single Family Homes: Active inventory was down 22% from 2016 with 742 units on the market and down 10% from the previous month. The median listing price was $1,460,000. The average days on market was down 8% from 78 days in 2016 to 72 days in 2017. The median sales price was $790,000. The averages for units sold in the month of September increased 1% for units sold year over year and decreased 24% month over month with a total of 111 units sold.

Greater Park City Area – Condominiums: Active inventory was down 22% from 2016 with 387 units on the market and down 8% from the previous month. The median listing price was $959,000. The average days on market was up 26% from 82 days in 2016 to 103 days in 2017. The median sales price was just over $568,000. The averages for the month of September show an increase of 7% for units sold year over year and a 0% change over the previous month with a total of 88 units sold.

To find out more about all our local real estate markets, watch our 60-second market videos at: www.summitsothebysrealty.com/market-update