July 2026 was another strong month for the Park City market, with 90 residential sales totaling $253.5 million in volume. While there were fewer transactions than the 108 sales recorded in July 2025, home values remained remarkably resilient. The average sale price reached $2.82 million, while the median sale price held just under $2 million—a reflection of the luxury market’s continued strength and the lasting price gains established over the past several years.

Buyers continue to compete for well-priced properties. Nearly 28% of July sales closed at or above asking price, and every transaction sold for at least 90% of the original list price, indicating that sellers with realistic pricing are still achieving strong results.

At the same time, today’s market offers buyers more choice than it has in recent years. Although active inventory has grown to 938 listings, homes that are priced appropriately continue to sell quickly, with a median of just 18 days on market. Properties lingering for three months or longer are increasingly those that have not yet aligned with current buyer expectations, highlighting the importance of thoughtful pricing in a more balanced market.

Promontory once again led the market’s luxury activity in July, recording 10 sales totaling more than $50.8 million in volume. Buyers showed remarkably little resistance to pricing, with homes selling at an average of 99% of their asking price and several transactions closing at or above list. The results reinforce Promontory’s position as one of Park City’s most sought-after luxury communities, where demand continues to support premium values.

Deer Valley also delivered some of the month’s most significant transactions. A residence at Montage Deer Valley closed for $17.6 million, the highest residential sale of July, while another home in Upper Deer Valley’s Bellemont community sold for $7.7 million after just six days on the market.

Across Park City’s established luxury neighborhoods, well-priced homes continued to attract buyers quickly. Notable sales in Thaynes Canyon ($6.75 million) and Glenwild ($7.38 million) both sold in less than two weeks, demonstrating that exceptional properties continue to command strong interest despite an increase in overall inventory. Tuhaye continued to reinforce its position as one of the Jordanelle corridor’s premier luxury communities, with two July sales above $4.6 million highlighting sustained demand for its golf, club amenities, and proximity to Deer Valley East.

Through the end of July, Park City’s residential market recorded 638 sales totaling nearly $2.0 billion in volume. While transaction activity remains below the pace of recent years, home values have held remarkably steady. The average sale price is $2.97 million, nearly unchanged from 2025, while the median sale price has remained at approximately $2 million—reinforcing that the market has successfully maintained the higher pricing established over the past several years.

The year-to-date data also reflects a market that is becoming more balanced across price points. Activity in the $1 million to $2 million segment has increased compared to last year, offering buyers more opportunities at the entry point to Park City’s luxury market. The $2 million to $5 million segment has experienced the greatest slowdown, as increased inventory has given buyers more options and encouraged a more measured pace of decision-making. Meanwhile, demand at the upper end of the market remains resilient, with sales above $5 million continuing at a pace similar to 2025.

Rather than signaling a shift in market fundamentals, the first seven months of 2026 reflect a luxury market that is maturing. Buyers have more choices, sellers face greater competition, and pricing for exceptional properties continues to demonstrate long-term stability.

Park City’s growth over the past two decades reflects more than appreciation—it reflects the market’s evolution. The average sale price has increased from $915,000 in 2006 to nearly $3.0 million today, with the pricing gains established during the pandemic years holding remarkably steady. At the same time, luxury has become the norm: more than 80% of homes sold in 2026 have exceeded $1 million, compared to just 27% in 2006. The data illustrates a market that has matured into one of the country’s premier luxury mountain destinations.

Inventory has continued to build throughout 2026, increasing from 694 active listings in January to 938 by the beginning of August. For buyers, that’s good news—there is more selection across nearly every price point than there has been in several years.

At the same time, the market remains highly selective. Well-priced homes continue to sell quickly, with a median of just 18 days on market in July, while listings that linger are increasingly those that have not aligned with current buyer expectations. The result is a more balanced market where pricing and presentation matter more than ever.

The greatest shift has occurred in the $2 million to $5 million segment, where increased inventory has given buyers more options and more time to make decisions. Meanwhile, activity below $2 million remains steady, reflecting continued demand for Park City’s entry point into the luxury market.

As Park City enters its traditional fall selling season, the market appears well positioned for continued activity. Historically, October through January is one of the busiest periods of the year, as buyers look to secure a home before ski season and embrace the area’s world-class winter lifestyle.

This year, buyers are entering the season with more inventory than they have seen in recent years, creating greater choice across nearly every price point and a more balanced market than we’ve experienced in recent years.

Looking beyond seasonal trends, Utah’s long-term economic fundamentals continue to strengthen the outlook for Park City real estate. The state remains one of the nation’s top-ranked destinations for business growth, attracting new corporate investment, entrepreneurs, and high-income professionals. Combined with continued investment in resort infrastructure, international accessibility through Salt Lake City, and Park City’s unmatched four-season lifestyle, these factors provide a strong foundation for sustained housing demand well beyond the ski season.

As 2026 progresses, the market continues to reflect a healthy long-term trajectory—one defined by resilient home values, expanding inventory, and the continued evolution of Park City as one of the country’s premier luxury mountain destinations.