GREATER PARK CITY MARKET STATS Q4 2018 Q4 2018 Year End Market Report | Page 16

SUMMARY CONTINUED…
SUPPLY GREATER PARK CITY (AREA 1 THROUGH 23)
Inventory Levels are up by 17% (1143 listings as of 1/1/2019 compared to
975 listings a year ago). This is the most listings we’ve seen since 1/2013
Absorption Rate as of 12/18 of 7.9 months is 8% higher than the 5.8 month
absorption rate of a year ago this time.
HOME PRICES GREATER PARK CITY (AREA 1 THROUGH 23)
Median prices are up 9.3% while average prices in 2018 were up 8.8%
Rolling 12 month Median Prices up 9% above 12/2017, compound growth
of 7.5% since the market low of 1/2012
* Absorption rate defined as number of months it takes for a listing to sell is highly dependent on area/ neighborhood and price