GREATER PARK CITY MARKET STATS Q4 2018 Q4 2018 Year End Market Report | Page 20

SUMMARY CONTINUED…
The double digit market appreciation typical of Park City real estate in
the past few years is finally starting to show signs of leveling off in
certain neighborhoods. This is evidenced by fewer sales combined with
rising inventories and absorption rates in certain sectors of our market.
Current trend of sales volume is changing and we are seeing a
continued upward tick of inventory which has not been seen for some
time. The 2018 year-end housing statistics for Summit & Wasatch
Counties, as reported by the Park City Board of REALTORS®, revealed
a diverse and mixed market. While there was a 7% decrease in the
number of homes sales, the Wasatch Back saw a 7% increase in median
price. As we look forward to 2019, in some of the most desirable
neighborhoods, a shortfall of for-sale properties will create scarcity and
the median prices will remain strong.