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Market Pulse Q3 2023

Market Pulse Q3 2023

Newsletters - 1 Minute Read


Discover the latest trends in our real estate market! Inventory is climbing and prices are stabilizing, with a notable shift in buyer behavior leading to more frequent price adjustments. Sales numbers are returning to normal, reminiscent of the pre-2021 period. Curious about how your area fared in Q3 2023?

Check out our latest newsletter to find how the market performed in Q3 2023:

  • Inventory is Climbing: As of September 2023, we had 1,054 residential properties listed, showing a promising recovery toward pre-pandemic levels. The year prior, there were only 826 residential listings.
  • Prices Stabilizing: The median sale price of single-family properties in the primary market area was $1.6 million, marking less than a 1% increase from last year. Median prices for Condos were flat at $1.05 million, and median land prices increased 8% to $750,000
  • Changed Buyer Behavior: Buyers are becoming more cautious, leading to more frequent price adjustments in listings.
  • Sales Numbers Returning to Normal: The overall number of sales is down markedly compared to the super-heated years of 2021 and 2022 but compared to the "normal" period of 2013-2019, the numbers are only slightly lower.

Read the full newsletter to learn how your area of interest fared during the third quarter of 2023.

Read the newsletter at Slope Style Realty
Andy Krumel

Andy Krumelandy@slopestylerealty.com

Andy is a former naval aviator and Silicon Valley entrepreneur, having spent over 15 years delivering groundbreaking mobile and SAAS products. Andy brings his technical experience and innovative approaches to Slope Style Realty and KW Park City Keller Williams as a licensed Realtor.

Text or call(435) 565-1323

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This information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed accurate by the MLS. The multiple listing information is provided by Park City Board of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2022 Park City Board of REALTORS®, All Rights Reserved. Access to the multiple listing information through this website is made available by Slope Style Realty LLC as a member of the Park City Board of REALTORS® multiple listing service.

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