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Park City Real Estate Outlook March 2019

Posted by Kathryn Vallee on Thursday, May 2nd, 2019 at 11:44am.

On April 2019,  Lawrence Yun the Chief Economist and Senior Vice President of Research at the National Association of REALTORS® released the most recent economic and real estate outlook for 2019. 

The last Q1 of 2019, indicated that the Park City area trends over the last year is a steady and stable real estate market. The market data indicated that the median price is up 9.7 percent over last year. This is on par to the March 2019  National FHA report for the mountain areas.  The report that Lawrence Yin released indicated that Park City has a forecast sales price change to approximately  +2.7% in 2019 and 3% in 2020.

The first quarter housing report indicated that the number of home sales have decreased, inventory is down, but sales price is up. Many of the home buyers coming to Park City are looking for a less traffic, lower taxes, and a better quality of life. 

 

YUN_AEI_04_2019 by on Scribd

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