The golf courses are in full swing, mountain trails are buzzing with hikers and bikers, and the long summer days invite us to spend as much time outdoors as possible. Kids are finishing up the school year, families are planning vacations, and the community begins to look forward to favorite traditions like the Deer Valley Concert Series, Park Silly Sunday Market, and evenings spent on patios with friends.
Summer always brings a renewed energy to town, and that same momentum is reflected in our real estate market. As buyers and sellers prepare for one of the busiest seasons of the year, the first-quarter statistics offer a helpful snapshot of where the market stands and what we may expect in the months ahead.
The first quarter of 2026 demonstrated continued strength and stability across the Park City real estate market. Overall sales volume increased, inventory continued to improve, and pricing remained resilient in most neighborhoods.
One of the biggest stories this year is inventory. After several years of limited choices, the number of homes, condominiums, and land listings has grown steadily. As of early April, there were 889 active listings in the Greater Park City area, up 13 percent from a year ago. Condominium inventory increased by an especially notable 31 percent.
For buyers, this means more options and a little more breathing room. For sellers, well-priced and well-presented homes are still attracting strong interest, but buyers have become more selective and are taking more time to compare opportunities.
Single-family homes continue to outperform the condominium market. In the first quarter of 2026, home sales remained strong, with the median single-family price in the primary market area reaching $1.97 million, up 18 percent from the same period last year. Condominium sales were slower, but median prices held steady at approximately $1.15 million.
What I always find fascinating is how differently each neighborhood performs.
In Park City proper, Old Town remained active, while Park Meadows continued to be one of the most sought-after in-town neighborhoods. Deer Valley once again commanded some of the highest prices in the area, with Empire Pass condominium prices reaching a median of $7.1 million.
Promontory remained one of the most active communities in the region, with strong buyer demand and a median home price of $4.9 million.
At the Jordanelle, Hideout continued to perform well, with home prices rising 7 percent to a median of $2.7 million. Midway and Heber Valley also experienced healthy activity, reflecting the growing popularity of the entire Wasatch Back.
Mortgage rates have remained relatively stable, and recent modest declines have encouraged more buyers to re-enter the market. Combined with increased inventory, this has created a healthier and more balanced environment than we have seen in several years.
Perhaps the most remarkable statistic of all is this: Park City real estate has appreciated at an average annual rate of 7.1 percent since 2001. Through recessions, booms, and changing market conditions, our community has continued to demonstrate impressive long-term value.
Of course, real estate is never just about numbers.
It is about the family looking for a home near the trails. The couple hoping to spend more time with grandchildren. The longtime residents deciding whether it is time to simplify. Every transaction tells a story, and every neighborhood has its own unique character.
As we head into the heart of summer, the Park City real estate market remains healthy, balanced, and full of opportunity.
If you are curious about the value of your home or wondering whether this might be the right time to buy, sell, or simply explore your options, we are always happy to talk.
Until then, enjoy the sunshine, the green fairways, and everything that makes summer in Park City so special.
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