How’s the Market
Stats for Park City

06/08/26:  The 30-year fixed rate fluctuated between 5.98% to 6.15% for the first two months of this year.  Through the month of March we saw a steady climb from 6.0% to 6.46%.  Since then it has fluctuated between between $6.23% – 6.53%.   Analysts point out that current market volatility is being fueled by inflation and global events, not the health of the housing market itself.

June 8, 2026:  The current stats for home, townhome and condo sales look ok for homes and townhomes, but condo sales have been fewer so far this year.

Inventory levels historically fluctuate through the year.  Right now homes and townhomes have moderate inventories and # of sales similar to this time last year.  Their absorption rate is close to 6 months supply, which is a balanced market.
For condos inventory is up and sales are down, with an absorption rate at 9.9 months supply.  This is considered a buyer’s market.
It would be great to see a pickup in condo sales, otherwise values could start to decline.