Market Update

August brought another strong month for Park City, Deer Valley, and the Jordanelle, with $335.8 million in closed volume across 105 sales. While transaction counts remained below last year, pricing proved resilient and luxury activity continued to shape the market, including four sales above $14 million. At the same time, active inventory climbed to 953 listings—the highest level in more than a decade—giving buyers more choice and negotiating leverage than they have had in years. With 84% of August sales closing below original asking price, the market is increasingly rewarding realistic pricing and thoughtful positioning. Our latest report looks beyond the headline numbers to examine where leverage is shifting, which price segments and neighborhoods are outperforming, how new construction is influencing the data, and what current trends could mean for buyers and sellers heading into Park City’s important fall and pre-ski-season market.

Park City’s luxury real estate market continues to demonstrate remarkable resilience in 2026. Our July Market Update explores nearly $2 billion in year-to-date sales, rising inventory, stable home values, and the evolving trends shaping one of North America’s premier mountain communities. From notable luxury transactions to long-term market insights, discover what today’s data means for buyers, sellers, investors, and referral partners.

Park City and Deer Valley continue to redefine the luxury mountain real estate market. Through the first half of 2026, the region recorded $1.7 billion in residential sales across 567 transactions, with nearly half of all homes selling above $2 million and ultra-luxury demand remaining exceptionally resilient. While inventory has returned to more balanced levels, the market has shifted from frenzied competition to thoughtful decision-making—creating opportunities for well-informed buyers and sellers alike. From record-setting sales in White Pine Canyon and Promontory to the continued influence of Deer Valley East, this report explores the trends, communities, and market forces shaping one of North America’s premier resort destinations.Inventory is stable, days on market are brisk, and sellers who priced precisely got speed. The data tells a consistent story; this is not a market that bends to macro uncertainty. It is a market that rewards preparation, precision, and the right guidance.
Read the full May 2026 Market Update for a complete breakdown of closings, notable sales, inventory trends, and what the summer season ahead means for buyers and sellers in Park City and Deer Valley.

Park City didn’t post a record May. It posted a steady one, and in a market this mature, at this altitude of pricing, steady is its own kind of strength. Eighty-two homes closed across the greater Park City area, the median sale price held at $1.9 million, and the trophy segment delivered two instant closings above $13 million that confirmed what this market’s best buyers already know: when the right property appears, price is not the obstacle.
Inventory is stable, days on market are brisk, and sellers who priced precisely got speed. The data tells a consistent story; this is not a market that bends to macro uncertainty. It is a market that rewards preparation, precision, and the right guidance.
Read the full May 2026 Market Update for a complete breakdown of closings, notable sales, inventory trends, and what the summer season ahead means for buyers and sellers in Park City and Deer Valley.

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.

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.

February delivered a nuanced picture for the Park City and Deer Valley real estate markets. While transaction volume moderated compared to last year, total dollar volume rose to $236 million as average sale prices climbed to $3.19 million, driven largely by continued strength in the luxury segment. Expanding inventory is giving buyers more leverage, creating a more balanced market where pricing discipline and property quality are increasingly important.

January 2026 reflected a Park City real estate market moving at a more deliberate pace compared to the same period last year. Transaction volume moderated as inventory expanded, and buyers approached decisions with increased selectivity. Despite this shift, pricing remained historically elevated, with high-quality assets—particularly in the luxury segment—continuing to command strong attention.

At a high level, the Park City and Deer Valley market in 2025 produced an unusual but telling result: transaction counts finished the year almost exactly in line with 2024, while total dollar volume increased by nearly $1 billion. That combination alone suggests something structural rather than cyclical.

The Park City and Deer Valley real estate markets continued to demonstrate exceptional strength through November, driven by elevated luxury demand, expanding new-development activity, and strong winter-season buyer engagement. While inventory has grown year-over-year, pricing remains resilient—particularly in premium neighborhoods where buyers continue to prioritize location, design, and access to amenities.

October marked a milestone for Park City and Deer Valley real estate, with luxury activity propelling the market to record heights. Transaction volume and sales above $2 million have already surpassed 2024’s full-year totals, while October alone produced 146 closings and $454 million in volume. With the average sale at $3.13 million and sustained strength across the $2–$10M range, the market enters winter with firm pricing, steady demand, and momentum that shows no signs of cooling.

September delivered another standout month for Park City’s real estate market, once again defined by strength at the top. After an August surge in total sales, September’s performance was marked instead by exceptional pricing — setting new records for both average and median sale values.