Park City Quarter 3 2017 Real Estate Market Statistics Q3 2017 Market Stats - Rick Klein Report | Page 13

SUMMARY
August was the best month since March of 2006 for Pended Sales in the Greater Park City Area
Pended Sales in Q3 2017 were 8.4% higher than this time last year
Q3 Existing Sales solid
Demand measured by Existing Sales has been stable and rising over the past 5 years
Volume is 16% higher than 2016
Inventory is stable and low
Given the strong 3rd Quarter Sales and low inventory levels, the Absorption Rate hit a new low
Absorption Rate decreased to 5.3 months compared to 5.7 months in 2016
Given the highly segmented nature of the Park City Real Estate Market Absorption Rates differ
radically depending on area and product type
Median home prices in the Greater Park City Area up 8.8% over Q3 2016
Average home prices in the Greater Park City Area up 5.4 % over Q3 2016