April, 2016 RSS Icon
Found 1 entry for April, 2016.

PARK CITY MEDIAN PRICES UP 13%
ACROSS 3 MAJOR MARKET SEGMENTS

INVENTORY REMAINS LOW • SALES VELOCITY MODERATES
It appeared at first to be a statistical anomaly however further investigation revealed an interesting truth: the median price for our 3 major market sectors (Park City Proper, Snyderville Basin, and Heber Valley) each rose by 13% year over year.  Inventory continues to remain at a historic low, and as a result in some neighborhoods, we are starting to witness price resistance as evidenced by much slower market absorption. The table below shows the months of inventory in certain market segments based on whether the property is priced above or below the current median.
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