How’s the Market
Stats for Park City

As recent as July 17, 2025 mortgage interest rates were 6.75%.  They ticked down over the next two months to 6.26%, in anticipation of the Fed cutting the funds rate, which occurred on Sept 18.  A second cut of .25% was made on October 29, 2025, with the Freddie Mac 30 year mortgage rate dropping ever so slightly to 6.17% as of Oct 30.
Mortgage rates weren’t affected much by the Government shutdown.  The September Jobs Report is overdue to be released and should come out prior to Thanksgiving, which could have some impact.  Stay tuned!

11/15/25:  The Park City real estate market continues to see steady sales and low inventory.  The number of sales for single family homes year-to-date 2025 (435) is ahead of pace compared to  this time last (374 sales) by 17%.  Inventory is low with 223 homes currently for sale.  Over the last 12 months there was an average of 237 homes for sale with the low being 198 in January and the high being 296 in August.

While single family homes sales are up year to date by 17%, condo and townhome sales are down year-to-date by about 12% (430 last year vs. 387 this year).

Overall, there is less than a 6 month supply, which is a balance market.
Our next How’s The Market update will look at how values are holding up.