Park City Real Estate Agent Nancy Tallman
I struggled with what to title this article. There is so much to say about what we’re seeing in the Park City Real Estate market today. After the pandemic all but shut down our economy this spring, low interest rates and the desire for more space have sent Park City home sales through the roof.
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I’ll be perfectly honest. I don’t know exactly why. I just know that more and more home sales are failing. I did some research online and the national numbers support this. According to a report by Trulia, nationally 3.9% of sales failed in 2016, up from 2.1% in 2015. The Park City Board of REALTORS
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style=”text-align: center;”>Park City 3rd Quarter Real Estate Statistics I spent time this afternoon with Park City’s top real estate agents discussing the Park City Board of Realtor’s statistics for the third quarter of 2015. There are subtle shifts taking place in our market. None of us could predict if these are the start of new trends
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Yesterday, the National Association of Realtors released existing home sales data for January. Sales were up, inventory was down to nearly 7-year lows and the median transacted price was still lower than one year ago. In Park City, single family home sales were down 17%, condominium sales were down 16% and vacant land was down 31%.
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