Market analytics
Park City, Utah real estate market report.
Monthly sold prices, days on market, sale-to-list ratio, and absorption rate. Updated nightly from UtahRealEstate.com and the Washington County Board of Realtors.
Updated · Sources: UtahRealEstate.com & Washington County Board of Realtors
May 2026 · Market Analysis
Park City homes are closing faster even as listings reach their heaviest spring volume in a year.
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The most notable shift in Park City's May 2026 data is not the price — it's the pace. Median days on market fell to 23 in May, down from 33 in April and well below January's sluggish 82-day reading, meaning the homes that are selling are moving with real conviction. That speed comes against a backdrop of 873 active listings — up from 764 in April and 589 in December — so buyers have more to choose from even as the deals that do happen are closing quickly. Compared to May 2025, when 64 homes closed at a $2,137,500 median, this May saw 56 closings at a $1,950,000 median, a lighter volume at a lower price point that reflects both a mix shift and a market still finding its post-ski-season footing.
Market pulse
Median days on market has moved sharply over the past six months: it peaked at 82 days in January, then fell to 36 in February, 28 in March, 33 in April, and now 23 in May — the fastest closing pace since last summer. The sale-to-list ratio recovered to 96.61% in May after dipping to 95.36% in April, suggesting sellers who priced realistically found willing buyers. Active inventory, however, has climbed steadily from 589 homes in December to 873 in May, with new listings reaching 167 in May — the highest monthly new-listing count in this six-month window and well above the 99 new listings recorded in May 2025. The over-$700K segment, which accounted for 54 of the 56 May closings, posted a median days on market of 23, while the handful of homes in the $400K–$700K band closed in a median of just 15 days — the entry-level tier, thin as it is in Park City, moved fastest.
Mortgage context
The 30-year fixed rate sits at 6.75% as of mid-June, up 0.25 percentage points from 6.50% thirty days ago, and jumbo financing — the product most Park City buyers actually use — is running at 7.25%, a meaningful premium on top of that. Rates climbed 0.56 percentage points from February's monthly average of 6.19% to today's 6.75% spot, erasing much of the affordability relief that briefly appeared earlier this year. At these levels, the monthly carrying cost on a median-priced Park City home is substantial enough that some buyers who were circling the $1.5–$2M range in early spring are now pausing to reassess, which helps explain why closings at 56 came in below the prior 12-month average of 78.
Payment math
On a median-priced home here — about $1,950,000 with 20% down — the monthly principal-and-interest payment lands at $10,118 at 6.75% — $258 more than 30 days ago at 6.50%, and $574 above the February low when rates averaged 6.19% and the payment would have been $9,544.
If you're buying
With 873 active listings and inventory still climbing, buyers in Park City have genuine selection — focus on homes that have been sitting 60 or more days, particularly in Pinebrook and Summit Park where a few May closings logged 100–125 days on market, suggesting those sellers are more negotiable than the overall 96.61% sale-to-list ratio implies. The jumbo rate at 7.25% makes the math punishing on anything above $2M, so buyers stretching into the $2–$3M range along the Jeremy Ranch corridor should model the payment carefully and leave room to negotiate — 43 of 56 May closings went below list price. If rates pull back even modestly toward 6.5%, the payment difference on a $2M purchase is meaningful, so locking a float-down option is worth the conversation with your lender.
If you're selling
With 167 new listings hitting the market in May alone and active inventory at 873, Park City sellers are competing against a deep field — pricing at or above what similar homes fetched in March's stronger market will leave you sitting. Homes in Glenwild and Jeremy Ranch that closed in May did so in 25–28 days, which means well-priced properties in desirable areas are still moving; the penalty falls on overpriced listings, where the market is simply waiting you out. If your home needs work, price it to reflect that reality now rather than chasing a price reduction later — 7 of the 56 May closings involved a price cut before going under contract, and that number is likely to grow as summer inventory builds.
Outlook
Over the next 60–90 days, Park City's inventory is likely to keep climbing as the shoulder-season listing wave continues — historically, new listings in June and July run strong before tapering in August, and with 167 new listings already in May, the active count could approach or exceed 900 by mid-summer. Buyers who can tolerate the current jumbo rate environment will find the most selection and the most negotiating room they've seen in over a year, particularly in the $1.5–$2.5M range that dominates the Wasatch Back market. If rates hold near 6.75% or drift higher, expect the gap between list prices and sale prices to widen further, putting additional pressure on sellers who haven't adjusted their expectations since last fall.
Watch for
If the 30-year fixed rate crosses 7.25% — bringing jumbo financing closer to 7.75% — expect Park City's monthly closing count to fall further below 60 and the sale-to-list ratio to slip toward the low-94% range as buyer hesitation deepens across the Wasatch Back.
"Faster closings, more listings, softer rates — Park City's post-ski-season spring is a buyer's window, not a buyer's market."
Common questions about Park City this month
Is Park City a buyer's or seller's market in May 2026? ▾
It's tilting toward buyers, but unevenly. With 873 active listings and only 56 closings in May, there's far more supply than demand — at May's sales pace it would take well over a year to work through every home currently listed. That said, 23 median days on market shows that correctly priced homes are still moving quickly, so sellers who price realistically aren't suffering. The leverage is with buyers, especially on homes that have been listed for 60 days or more.
Why are homes selling faster in May if there's more inventory? ▾
The homes closing in May are the ones that were priced to meet the market — 43 of 56 went below list price, meaning sellers made concessions to get deals done. The faster median days on market (23 days) reflects the homes that found agreement quickly, not the broader pool of 873 listings, many of which are still waiting. Think of it as a split: motivated sellers and realistic prices close fast; aspirational pricing sits.
How much does the current mortgage rate add to a monthly payment on a Park City home? ▾
On a median-priced $1,950,000 home with 20% down, the monthly principal-and-interest payment is $10,118 at today's 6.75% rate. That's $258 more per month than 30 days ago when rates were at 6.50%, and $574 more than the February low when rates averaged 6.19% and the payment would have been $9,544. Most Park City buyers are also in jumbo territory, where rates are running at 7.25% — even higher than the 30-year conventional benchmark.
Which Park City neighborhoods are seeing the most activity in May 2026? ▾
Jeremy Ranch and Silver Creek each had 3 closings in May, with Jeremy Ranch posting a median sale price of $1,900,000 and a median of 25 days on market — consistent with its reputation as one of the more liquid Wasatch Back communities. Glenwild had 2 closings at a $7,800,000 median, reflecting the ultra-luxury end of the market. Summit Park and Pinebrook also had 2 closings each, though both showed longer days on market (100 and 125 days respectively), suggesting those sellers had to be patient.
Should I wait for rates to drop before buying in Park City? ▾
That depends on your timeline and how much the monthly payment matters relative to your purchase price. Inventory is at its highest level in months and still climbing, which means selection and negotiating room are both better now than they've been in over a year. If rates do pull back toward 6.25–6.50%, the payment savings on a $2M purchase would be meaningful — roughly $300–$500 per month — but there's no guarantee of timing. Buyers who need to move in the next 90 days are better served by negotiating on price now than waiting on rate relief that may not arrive on schedule.
Number of Listings
Active inventory · new listings · sold per month
Listing Prices
Active median list · new median list · sold median sale
Absorption Rate
Months of supply — active inventory ÷ monthly sold rate
Sale-to-List Ratio
Close price ÷ original list — buyer/seller leverage
Days on Market
Median days from listing to close
Price Volume
Total dollar volume — active · new · sold per month
May 2026 cohort breakdown
Distribution of what closed last month — by price band, sale-vs-list outcome, and top subdivisions.
How sales priced vs asking
56 sold homes that had a list price recorded
Days on market spread
Quartile distribution
Median 23 · 25th percentile 6 · 75th percentile 52
Needed a price change
Sold listings that had a recorded price change before close
8 of 56 sold homes had at least one price change while listed. Lower = sellers are pricing right the first time.
Sales by price band
Closed-price bucket → sold count and median days to contract
Top subdivisions this month
Ranked by closed count
- 1. Jeremy Ranch 3 sold · $1,900K · 25d
- 2. Silver Creek 3 sold · $847K · 31d
- 3. Glenwild 2 sold · $7,800K · 28d
- 4. Summit Park 2 sold · $2,091K · 100d
- 5. Pinebrook 2 sold · $2,015K · 125d
May 2026 by property type
How each housing type performed last month — 56 closings total across subtypes.
Summary Statistics
| Metric | May-26 | May-25 | % Chg | 2026 YTD | 2025 YTD | % Chg |
|---|---|---|---|---|---|---|
| Sold Count | 56 | 64 | -12.50% | 311 | 370 | -15.95% |
| Median Sale Price | $1,950,000 | $2,137,500 | -8.77% | $1,979,206 | $2,224,288 | -11.02% |
| Median DOM | 23 | 31 | -25.81% | 37 | 32 | +15.63% |
| Sale-to-List Ratio | 96.61% | 97.81% | -1.23% | 96.61% | 96.96% | -0.36% |
Past months
Browse historical Park City reports — each month's snapshot stays at its own permanent URL.
Sources: UtahRealEstate.com and the Washington County Board of Realtors, aggregated by Best Utah Real Estate. Sale-to-list ratio compares closing price to the final list price (post-reduction). Absorption rate = active inventory ÷ monthly sold rate.