REAL Trends just came out with their real estate housing market report for May and things are definitely looking up in real estate not just in Park City but around the nation.
REAL Trends reports that: "The May 2013 report shows that the rate of housing sales increased strongly in April growing 16.2 percent from April 2012. The annual rate of new and existing home sales for April 2013 was 5.731 million up from the 4.932 million recorded in April 2012. These are the strongest year over year results this year. The average price of homes sold increased by 7.9 percent in April 2013 compared to April 2012."
Real estate in Park City is also experiencing what the rest of the country is, with the best first quarter since 2007. Sales dollar volume is up 28 percent over last year, and current inventory is lower than it has been since 2006. That means that Park City properties are going quickly when placed on the market especially Park City single family homes.
Click on the link below to see the full report from REAL Trends: