Park City real estate market report 2026

In Q1, I wrote that buyers had not disappeared from the Park City real estate market. They were simply moving with more intention.

The second quarter confirmed that trend and gave us a clearer picture of where buyers are choosing to act. Across the Wasatch Back, luxury single-family homes, new construction, select condominium communities, and land performed well. Other areas remained slower and more sensitive to pricing, mortgage rates, and economic uncertainty.

So, how is the market?

It is active and fundamentally stable, but the strength is concentrated.

Across the full Park City MLS area, 669 properties sold during Q2 2026, generating nearly $1.36 billion in sales volume. Transactions increased 10 percent and volume rose 7 percent compared with Q2 2025.

Land contributed significantly to that growth. Looking only at single-family homes and condominiums in Summit and Wasatch counties, 448 properties sold, down 2% from last year, while sales volume declined 3% to approximately $1.07 billion.

That is not a booming residential market, but it is not a broad downturn either. Buyers are still purchasing. They are simply being more selective about where they see value.

Single-family homes remain the steadiest segment

Across the full MLS area, 319 single-family homes sold during Q2, up 6 percent from last year, while volume rose 2 percent to $840.9 million.

The longer-term picture was stronger. During the year ending June 30, single-family transactions increased 8 percent, volume rose 15 percent, and the median price increased 10 percent to $1.7 million.

Park City proper had a particularly strong spring. Transactions increased 21 percent and volume rose 35 percent to nearly $149 million.

Snyderville Basin had a softer quarter overall, with transactions down 8 percent and volume down 19 percent. Yet its luxury communities continued to stand apart.

Glenwild recorded four sales totaling $35 million, with a median price of $8.33 million. Promontory recorded 17 sales totaling approximately $126 million, with a median price of $6.6 million.

These communities have relatively few transactions, so percentage changes can be dramatic. Even so, the broader pattern is clear. Well-capitalized buyers continue to pay premium prices for properties that offer the right combination of location, design, privacy, amenities, and long-term appeal.

Jordanelle continues to expand the market

Quarterly single-family activity in Jordanelle was nearly flat, with 24 sales totaling $111.2 million. The rolling 12-month numbers tell a much stronger story.

During the year ending June 30, Jordanelle recorded 125 single-family sales totaling $569.3 million, an increase of 47 percent in transactions and 57 percent in volume.

Tuhaye remains an important part of that market, while continued development around Jordanelle and Deer Valley East Village is giving buyers more new-construction and resort-oriented options.

Park City real estate is no longer defined only by Park City proper. Buyers are increasingly evaluating the entire Wasatch Back based on access, amenities, construction quality, views, privacy, and lifestyle.

The condominium market is stabilizing

The condominium market improved meaningfully from the first quarter.

In Q1, condo transactions fell 31 percent and volume declined 41 percent. By Q2, the full MLS area recorded 203 condo sales totaling $335.4 million, down only 2 percent in both transactions and volume from the prior year.

Canyons Village was one of the quarter’s most interesting stories. Twenty-eight condominiums sold, generating $68.5 million in volume. Transactions increased 8 percent, volume rose 62 percent, and the average sale price increased 50 percent to approximately $2.45 million.

That result shows that buyers are not simply looking for the least expensive condominium. They are willing to pay more when the property offers the location, amenities, ski access, condition, or ease of ownership they value.

Land was Q2’s strongest momentum story

Within Summit and Wasatch counties, 144 lots sold during the quarter, an increase of 58 percent. Sales volume more than doubled to $180.5 million.

Much of that growth was concentrated in specific communities. Jordanelle recorded 70 land sales, including 41 in South Jordanelle, while Promontory recorded another 21 lot sales totaling more than $33 million.

That concentration matters. The results should not be interpreted as a uniform surge across every lot market. Some of the activity is connected to new-community or development closings.

Still, the demand is meaningful. Buyers are willing to take a longer-term approach and build what they want, particularly in newer resort communities and established golf developments.

New construction continues to command a premium

Buyers are paying a meaningful premium for newer homes and condominiums.

Turnkey condition, current design, energy efficiency, warranties, and the ability to avoid a lengthy renovation or construction process all carry real value.

For owners of older properties, the message is straightforward: condition, presentation, and accurate pricing matter more than ever when competing against new-build inventory.

An older property may offer a better location, mature landscaping, privacy, or character that newer construction cannot replicate. But buyers are accounting for the cost, time, and uncertainty involved in updating it.

Why some parts of the market feel slower

Trade-policy uncertainty and elevated mortgage rates continued to affect buyer confidence during Q2, particularly in the upper-mid market, where financing has a greater impact on carrying costs.

Softer transaction volume in portions of Snyderville Basin and Heber Valley suggests that some rate-sensitive buyers remain on the sidelines.

That helps explain why a luxury golf community can record strong sales while another part of the same geographic market feels noticeably slower. The difference is not simply whether demand exists. It is who the buyer is, how the purchase is being financed, and whether the property offers enough value to motivate action.

As we move into the second half of 2026, the clearest takeaway is that buyers are still here, but they are not moving indiscriminately.

Luxury single-family homes continue to attract well-capitalized buyers. The condominium market is stabilizing. Land has the strongest near-term momentum, and new construction continues to command a premium.

For sellers, there is less room for aspirational pricing, deferred maintenance, or weak presentation. For buyers, there is more time to compare options and, in some cases, more opportunity to negotiate. But the best properties are still receiving attention.

The Wasatch Back remains an active market, but the broad numbers only tell part of the story. A luxury home in Glenwild, a ski condo in Canyons Village, a new-construction property near Jordanelle, and a homesite in Promontory are each responding to a different set of market conditions.

If you are considering buying or selling, the more important question is not simply, “How is the market?” It is, “How is the market for this specific property, in this specific neighborhood, at this specific price?”

For a more detailed conversation about your home, your neighborhood, or the segment of the market you are considering, contact Julie Snyder at Inhabit Park City or visit www.inhabitparkcity.com.

Market statistics are based on Park City Multiple Listing Service data for the period ending June 30, 2026. Data is preliminary and may be revised as additional transactions are reported.

Julie Snyder is a top Park City real estate agent and founder of Inhabit Park City, specializing in luxury homes, land, and lifestyle-driven properties. As a leading agent at Summit Sotheby’s International Realty, she has closed over $300 million in transactions and is known for her strategic pricing, strong negotiation skills, and high-touch client experience.

Julie combines deep local knowledge of Park City’s neighborhoods, schools, and outdoor lifestyle with a data-driven approach to help buyers and sellers make informed decisions. From legacy estates to full-time family homes, she guides clients through every step of the process with clarity, discretion, and results.

Park City real estate in Q1: Buyers are still here, but they are moving differently