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A lot can change in a month—especially in real estate. From shifting inventory and home values to interest rates and buyer activity, understanding what’s happening locally can help you make more informed decisions.
 In this month’s update, I’m
sharing the latest from the Salt Lake City and Park City real estate markets, along with a few local highlights, insights, and resources to keep you connected to what’s happening in our communities.

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Salt Lake County saw more homes available in August, with inventory up 10.9% from last year. While sales activity and volume slowed, home prices remained strong, with the average sales price rising 6.6% year over year. Homes also spent slightly longer on the market, giving buyers more time and options to consider. Overall, the market is showing signs of becoming more balanced, with increased inventory giving buyers more choice while continued price growth remains positive for sellers.

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Park City’s August market saw inventory and average sales prices move higher compared to last year, while overall sales activity and volume declined slightly. Homes also spent significantly less time on the market, with average days on market down 57.4% year over year. The takeaway: well-positioned properties are still moving quickly, while the increase in available homes gives buyers more options to explore.

Events to Look Forward To
 
Experience a night of symphony and spectacle as our orchestra joins forces with Cirque de la Symphonie for a breathtaking collaboration of music and movement. Aerialists, acrobats, contortionists, and jugglers perform jaw-dropping feats as the Utah Symphony performs classics like “Danse Bohème” from Carmen, “Por Una Cabeza” from Scent of a Woman, Wagner’s “Ride of the Valkyries,” and many more. It’s a big performance with stunning visuals—the kind of night out that leaves you saying “Wow!”
 
Experience the sights, sounds, and flavors of Greece as we celebrate 50 years of the Salt Lake City Greek Festival from Sep 11-13. From sizzling gyros and sweet baklava to lively music and traditional folk dancing, every corner of the festival offers something to enjoy. Join us for this special anniversary celebration with never before seen offerings! Discover why the Greek Festival has been one of the city’s most beloved traditions for half a century.
 
Get ready for ski season at the SBSEF Ski & Snowboard Swap, where you'll find quality new and gently used winter gear at affordable prices. Hosted as a fundraiser for their athlete scholarship fund, this annual community event is a great opportunity to save on equipment while supporting local youth in winter sports.
 
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Read On!

 
As we head into the fall season, the Salt Lake City and Park City real estate markets will continue to bring new opportunities and changes. If you’re thinking about making a move, have questions
about your home’s value, or simply want to better understand your local market, I’m here to help. Reach out anytime to start a conversation about your real estate goals.
 
All the best,
Cindy Uriona
Real Broker, LLC
TheGroup@CindyUriona.com
801.432.7777
Locally Known, Globally Connected
 
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6905 S. 1300 E. #292
Cottonwood Heights, UT 84047, USA