Park City's insane real estate prices!

Ever since Vail purchased Park City resort, real estate prices have been inching up relentlessly. The problem is that our available inventory for sale is out of quilter with the buying public. By this I mean that there are very few affordable, or lower priced homes that are the most in demand. 

I just ran a quick survey based on Park City proper (8,000 people), focusing solely on single family homes (no condos). Out of 140 listing, there are only 5% of homes priced below $1 million, 22% priced between $1 and $2 million, 29% priced between $2 and $3 million (the largest segment), 13% between $3 and $4 million, 5% between $4 and $5 million and 22% priced above $5 million and all the way to $12!

This up-side-down supply suggests an inverted pyramid and I fear that while the few homes available for less than one million sell almost instantly, it may take some significant amount of time to absorb the huge inventory priced over $2 million a piece!