Market Overview – August 2025
As we close out the summer season, Park City’s housing market continues to show the balancing effect of increased inventory paired with steady buyer demand. For years, our market leaned heavily toward sellers, but August data suggests we’re entering a more neutral position—one that still favors sellers in certain price brackets but provides greater choice and negotiating power for buyers.
Here are the key metrics shaping our current market:
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Median Sale Price: $2,025,000
⬇︎ Down 3.2% from July, but still up 4.5% year-over-year.
Commentary: Seasonal slowdowns are typical in late summer. However, long-term appreciation remains strong, especially in neighborhoods with limited land supply such as Deer Valley and Old Town. -
Average Days on Market (DOM): 57
⬆︎ Homes are taking slightly longer to sell compared to early summer.
Commentary: Buyers are becoming more selective, and homes priced too aggressively are sitting. Proper positioning, staging, and pricing strategy are now more critical than ever. -
New Listings: 138
⬆︎ A noticeable increase from earlier this summer.
Commentary: More listings means more opportunities for buyers, but also more competition for sellers. Sellers need a standout marketing plan to rise above the noise. -
Months of Inventory: 4.2
🏡 Up from 3.6 months earlier this year.
Commentary: A balanced market is considered 4–6 months of inventory. Park City is edging closer to neutral, giving buyers breathing room while keeping luxury sellers in a relatively strong position.
What This Means for Sellers
If you’re considering selling, the message is clear: pricing and presentation matter more than ever. Today’s buyers are sophisticated and have access to more data. Overpricing will quickly push your home into the “stale listing” category.
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Price strategically within the range of recent sales.
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Invest in presentation—professional photography, drone footage, twilight shots, and curated staging elevate your property.
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Expand your exposure by leveraging both MLS visibility and private off-market channels like my Higman Private Collection, where exclusivity adds value.
The right positioning will allow your property to stand out and capture attention quickly—even in a market with growing inventory.
What This Means for Buyers
Buyers now have more room to breathe, but competition still exists—especially for homes under $2 million and for ski-in/ski-out properties that rarely come available.
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You have negotiating leverage. Longer days on market and more options mean sellers are more willing to negotiate on price, terms, or concessions.
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Interest rates remain steady. While higher than historic lows, they are not preventing well-qualified buyers from securing financing.
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Consider exclusivity. Some of the best opportunities are not on Zillow or Realtor.com. Accessing off-market listings through a trusted advisor can open doors to homes most buyers will never see.
Neighborhood Highlights
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Deer Valley East Village: Still in growth mode with over 1,000 new condo units planned. Early investors are poised for strong rental and appreciation potential.
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Silver Creek Estates: Large-parcel lifestyle properties (like Highfield Road) continue to attract buyers seeking acreage, equestrian use, and privacy.
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Old Town: Demand remains high for historic homes and modern luxury remodels with walkability to Main Street.
Final Take
Park City’s August market reflects a natural seasonal slowdown paired with strong long-term fundamentals. Sellers must take a premium approach to marketing and presentation, while buyers should take advantage of increased inventory to find the right fit.
Real estate here is not just about owning a home—it’s about securing a piece of the Park City lifestyle.
If you’d like a personalized market analysis for your home, or access to my Private Collection of off-market properties, let’s connect.
Schedule a private consultation today to explore your options in the Park City market.
