The Park City and Deer Valley market entered 2026 with a clear shift in structure. Through Q1, 264 homes closed for $845M in total volume — down from last year’s pace, but still anchored by strong performance at the top end. Median pricing eased modestly to $2.20M, while average sale prices held above $3.2M, underscoring a market increasingly driven by luxury activity.
Inventory has expanded, buyer selectivity has increased, and negotiation is back — with 78% of sellers accepting below original list price. At the same time, nearly half of all transactions were cash, reinforcing that demand remains strong, but highly segmented.
The takeaway: this is not a market in decline — it is a market recalibrating. Understanding where a property sits within today’s pricing tiers is more important than ever.
