Park City Home Prices In A Post-COVID Market
Where is the real estate market headed when comparing pre-COVID19 market to post COVID19 market?
Before COVID19 Park City was in a strong real estate market facing a serious inventory shortage. The Park City Multiple listing statistics illustrate how quickly new inventory was absorbed. When we look at the number of under contract properties for April through the week of April 20th we see that the number has decreased.
Here’s what he found for the entire Multiple listing service to include Park City and Wasatch County residential real estate. For April 20, 2020 there were 1483 properties for sale, this is the lowest number going back to November 2019.
- February: 284 new listings, 209 under