The stats for the first quarter of 2022 have just arrived, and the numbers show that low inventory and rising sales prices continue to be the overarching trends in our local market. Total number of transactions (closings) are down throughout most of our market area, and median sale prices are up across the board. Park City single-family home median sales prices are up 35%, condominiums are up 20%, and vacant land is up 59%.
We will have more detailed information and analysis in our upcoming Market Pulse newsletter. In the meantime enjoy the stats below, and if you have any specific questions about your area(s) of interest, please reach out.