MLS-region closed transactions
Park City MLS Property-Type Rotation, Q2 2026
Research question
How did single-family, condominium, and land activity differ across the Park City MLS region in the second quarter of 2026?
The Park City MLS region did not move as one market in the second quarter of 2026. Across all property types there were 669 transactions worth $1.358 billion, up 10% in units and 7% in volume year over year, per the Park City Board of REALTORS 2026 second-quarter statistics published September 3, 2026. Underneath that total, single-family sales rose 6% to 319 closings worth $840.9 million, condominium sales fell 2% to 203 closings, and land closings jumped 46% to 147. The rolling twelve months tell the same story more sharply: single-family units up 8% and volume up 15%, condominium units down 14%. The land surge was concentrated in particular subareas rather than spread across the region, which is why this report separates the property types instead of reporting a regional average.
Research by Kamee Shrope
Geography: REGION/MLS: Park City Board of REALTORS service area in Summit and Wasatch Counties
Period: Q2 2026 and rolling 12 months ending June 30, 2026
669
Q2 transactions
+10% year over year across all property types
$1.36B
Q2 dollar volume
+7% year over year
+46%
Land unit growth
147 Q2 closings, with important concentration effects
How did property types diverge during the quarter?
Single-family activity reached 319 transactions and $840.9 million, up 6% in units and 2% in volume. Condominium activity totaled 203 transactions and $335.4 million, down 2% in both units and volume. Land reached 147 transactions and $181.3 million, up 46% in units and 74% in volume.
The rolling 12-month view was also split: single-family units rose 8%, condominium units fell 14%, and land units rose 14%. That is why a single regional headline should not be applied to every property type.
Park City Board of REALTORS regional totals
| Property type | Q2 2026 units | Q2 volume | Q2 unit change | Rolling 12-month units | Rolling 12-month volume |
|---|---|---|---|---|---|
| Single-family | 319 | $840.9M | +6% | 1,341 (+8%) | $3.609B (+15%) |
| Condominium | 203 | $335.4M | -2% | 847 (-14%) | $1.468B (-7%) |
| Land | 147 | $181.3M | +46% | 507 (+14%) | $650.9M (+26%) |
| All property types | 669 | $1.358B | +10% | 2,695 (+1%) | $5.728B (+9%) |
Sources: Park City Board of REALTORS, 2026 second-quarter statistics, retrieved September 29, 2026; published September 3, 2026 for period ending June 30, 2026.
- Property type
- Single-family
- Q2 2026 units
- 319
- Q2 volume
- $840.9M
- Q2 unit change
- +6%
- Rolling 12-month units
- 1,341 (+8%)
- Rolling 12-month volume
- $3.609B (+15%)
- Property type
- Condominium
- Q2 2026 units
- 203
- Q2 volume
- $335.4M
- Q2 unit change
- -2%
- Rolling 12-month units
- 847 (-14%)
- Rolling 12-month volume
- $1.468B (-7%)
- Property type
- Land
- Q2 2026 units
- 147
- Q2 volume
- $181.3M
- Q2 unit change
- +46%
- Rolling 12-month units
- 507 (+14%)
- Rolling 12-month volume
- $650.9M (+26%)
- Property type
- All property types
- Q2 2026 units
- 669
- Q2 volume
- $1.358B
- Q2 unit change
- +10%
- Rolling 12-month units
- 2,695 (+1%)
- Rolling 12-month volume
- $5.728B (+9%)
Sources: Park City Board of REALTORS, 2026 second-quarter statistics, retrieved September 29, 2026; published September 3, 2026 for period ending June 30, 2026.
Why does local concentration change the reading?
South Jordanelle recorded 41 Q2 land sales, compared with three a year earlier, and $58.2 million in volume. The Board said the jump was almost certainly related to bulk or master-planned closings. That is a useful warning against treating the percentage as broad parcel appreciation.
Promontory recorded 21 land sales and $33.3 million in volume, with a $1.5 million median. Park City areas 1 through 9 recorded only two land sales, with a $2.843 million median. Sample size and product mix are essential to interpreting either figure.
How much can a small sample move a luxury median?
Park City areas 1 through 9 recorded 29 single-family sales and a $3.8 million median. Old Town had seven sales and a $3.65 million median; Park Meadows had 10 and a $3.95 million median. Empire Pass had one sale at $25 million.
These numbers are descriptive, not property valuations. A one-sale area cannot support a stable trend conclusion, and even larger luxury-area samples require a property-level comparable set.
How were these figures produced?
- 1.Transcribed the official Park City Board of REALTORS Q2 2026 release published September 3, 2026.
- 2.Kept Q2 and rolling-12-month periods separate and retained the source’s property-type and area definitions.
- 3.Reported the Board’s statement about South Jordanelle concentration as its interpretation, not as independently proven causation.
What are the limits of this data?
- The Board labels the figures preliminary and subject to late-reporting revisions.
- The MLS service area covers Summit and Wasatch Counties; it is not a Salt Lake market series.
- Area medians can be unstable when only a few luxury transactions close. Only source-reported areas meeting minimum thresholds were included.
What else does this report answer?
How is the Park City real estate market doing in 2026?
In the second quarter of 2026 the region recorded 669 transactions worth $1.358 billion, up 10% in units and 7% in dollar volume year over year, per the Park City Board of REALTORS. The movement was uneven between property types.
Are Park City condo sales rising or falling?
Falling. Condominium closings were down 2% in the second quarter of 2026, at 203 sales worth $335.4 million, and down 14% over the rolling twelve months.
What happened to Park City land sales?
Land closings rose 46% year over year to 147 in the second quarter of 2026, worth $181.3 million. The increase was concentrated in specific subareas, so it should not be read as a region-wide trend.
Which property type is strongest in the Park City area?
Single-family, on the rolling twelve months: 1,341 units, up 8%, on volume of $3.609 billion, up 15%. Condominiums declined over the same window.
Can these regional figures price an individual home?
No. They are MLS-area transaction summaries covering Summit and Wasatch Counties. Pricing an individual home needs its own comparable set, and figures for the most recent quarter are preliminary and can change with late reporting.
Where do these numbers come from?
Retrieved: September 29, 2026; published September 3, 2026 for period ending June 30, 2026
MLS-area statistics serving Summit and Wasatch Counties. Figures are preliminary and may change with late reporting.
Companion article
Why the Q2 land surge should not be read as one market-wide trend
Read Kamee’s practical interpretation