March Market Update

Posted by Jeff Glover on Wednesday, March 13th, 2019 at 3:41pm.

In 2018, we saw some significant changes in the market. One of the biggest changes taking place was the “For Sale” inventory being down significantly from last year (again). On average the Michigan on-market inventory is down 12% and down over 50% in the last 3 years! Sales have started off slow this year as both January and February were down almost 10% compared to last year, but as I am writing this, it is starting to pick up! We anticipate a balanced market this year with little to no appreciation in home values. Given the slowdown in appreciation, we anticipate an INCREASE in homes available for sale compared to last year. The advantage of the shifting market? More options to purchase and more attractive prices to buyers!

Here are some milestones we hit this year as your local Real Estate team:

  • In 2018, we sold nearly 1,000 homes statewide

  • For the 5th year in a row, we were the #1 Real Estate Team in the entire State of Michigan

  • Detroit Home Magazine rated us as the Realtor of the Year for 2018

  • Jeff was named as an honoree in this years Crain’s Detroit 40 Under 40 class

  • We were named the Coolest Residential Brokerage to work for in 2018 according to Crain’s

  • With the help of you and our associates we were able to give back to our communities in a BIG way. (You may check out the differences we made by visiting gloversheroes.org)

    • Glover’s Heroes is a 501(c)(3) organization that provides support to local heroes in the community. Heroes are defined as a retired or active Veteran, Teacher, Nurse, Employed Caregiver, Emergency Technician, Police Officer, or Firefighter. With each hero closing, we donate 20% of the commission back to the hero and donate another 5% to the Glover’s Heroes fund. We are hosting another give-back day this summer using that fund. If you know someone who can benefit from our assistance, please complete the nomination form in their honor at gloversheroes.org.

We could not have accomplished the above without your support and continued referrals. We would like to THANK YOU by inviting you to our annual Detroit Tigers’ Opening Day Client Appreciation Party on Thursday, April 4, 2019 from 9am-4pm. We will be at the Gem Theatre, located one block from Comerica Park for our private gathering of over 500 past clients and friends. Complimentary food, beer and wine will be served from 10am-1pm and you can stick around to watch the game with us on the big theater screen until 4pm!

Please RSVP with your ticket number by Monday, March 19th at jgaopeningday2019.eventbrite.com

Thank you again for your support. We appreciate you for your business and continued referrals. Go Tigers!

See you in April,

Jeff Glover, Realtor

 

 

 

 

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