Dowtown Salt Lake City June Condo Sales

Thirteen, happy I am sure, buyers and sellers closed transactions through homes listed in the MLS in June. I know of more that were outside of the MLS, but I don't  have the exact purchase price and am not including them.

The average seller took a 5% discount. The average days on market numbers (159) were killed by the home in The Meridian. Three were new construction and the days on market as shown in the MLS is hard to actually measure, some numbers quoted are not realistic so I leave them out of the grid.

Notice what I point out in other articles, the longer a home is on the market the more likely the seller accepts a lower price. The home that took the biggest hit was the one on the market for 630 days.

In this same downtown market 33 new homes came on line. Good for buyers, not so good for sellers.