The COVID-19 pandemic has been a remarkable time for realtors and home sales. Local real estate agents sold more properties in the Wasatch Back year-to-date than they did all of last year.
Local chatter about traffic jams, busy shopping centers, out of state license plates and over-crowded trails contribute to the speculation that the area is feeling the impacts of “refugees” who are coming here to wait out the pandemic. Park City Board of Realtors shared market data with KPCW and said that initially, the March shutdown orders caused concern for area realtors.
According to a Board of Realtors July 29 report, the market dipped quickly in April, then in mid-May a slight recovery, with June sales showing a full comeback, exceeding last year’s numbers.
There are a lot of people looking that aren’t able to buy but there are a lot of people who are pulling the trigger and buying. We usually average around 2,000 to 2,100 homes on the market at any given time and we’re down right now to about 1,500. But we’ve sold more properties on the Wasatch Back than all of 2019.