Real Estate Blog

FOR IMMEDIATE RELEASE: July 13, 2012

Park City, Utah –The Park City Board of REALTORS® 2012 Second Quarter statistics, show the highest number of sales and pended sales in the Greater Park City Area since 2007. The total number of sales for Q2 was 486 with a total sales volume of $347,392,785 and median price of $427,450 - topping last year’s Q2 numbers with 451 units sold, $320,740,133 in total dollar volume and a median price of $412,500.

Sales Numbers and Inventory Sales numbers have bumped along since the end of 2008 and first half of 2009. The highlight of the second quarter of 2012 is the increase in the number of sales and pended sales-which is the highest we have seen since the fourth quarter of 2007. Additionally, the second quarter

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Written by Gina Barker, The Park Record

Chief Economist of the National Association of REALTORS Lawrence Yun came with facts and figures in hand to speak to the Park City Board of REALTORS about the national housing market Thursday. His assessment was a positive one: trends show the housing market is headed toward stabilization. "There are many indicators that things are starting to show much better numbers," Yun said, "both economically and in housing." Perhaps one of the biggest issues areas like Park City will face in the future have less to do with the economy and more to do with government. As a way to raise tax revenue, lawmakers are considering removing tax breaks for those buying a second home. "The government is considering removing interest

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