Jeff Glover, Detroit, Saint Clair County discussed on Newsradio 950 WWJ 24 Hour News
W news time for you eleven. The numbers are out about the home sales for the first quarter of two thousand nineteen Williams realtor Jeff Glover talked about it. With w J's Beth Fisher, the market cool off towards the end of the year last year in the first quarter is off to a strong start in terms of pending sales close sales or a little flat just an increase of year over year first-quarter reverse quarter of just under a percent. But we are seeing more homes coming on the market year today, so far new liftings up almost three percent. So that's promising for buyers out there. And so how were the numbers for March? And I guess we're looking at metro Detroit to start March number relatively unchanged. In fact, I think it's the first time I've ever looked at an MLS report where it has changed zero point zero percent. We had sixty three hundred ninety seven home sales in March of eighteen. Sixty three hundred ninety six March of nineteen. So that's about as unchanged as it can get we still soft light increase in median, fields prices, home values. Bartsch? I Mark up three point six percent. Which is good news. However this time last year when we were reporting marches of teen Burr sparked seventeen we were looking at it increases of more like seven eight nine percent. So we are seeing the flow down in the increasing home values, and we feel like over infanta lack county and Saint Clair county sales dropped, you know, and Santa latte county. You know, twenty five percent. Saint Clair county. Nineteen percent down reason why it's slowing down more there. Yeah. That's a great question. So a lot of what happens is timing years, very weather related in those particular counties, the sales increase or decrease based on what's happening quite a bit on the weather being that they are more more towards the thumb or or water water type. Community. So March weather was was a bit unstable as we saw and that plays into two home sales that particularly in in the month, the Mark in those counties, and I know homes you've had a problem like last year with enough homes being on the market. Is that still a problem? Yeah. We're seeing year-over-year March versus March a fatal inventory down about ten to twelve percents in the major counties metro Detroit. Now that is a promising swing in in in change, though. Because last year this time when we were talking inventories were down twenty five to thirty percent year over year. So we're starting to see flight increase in inventory, which is of course, a good thing for buyers expect things to pick up April. Yeah, we're we're painting a really strong April, especially because the weather was so unstable in the month of March whenever we have an unstable March like we had the. Month of April usually pretty strong because there's a lot of people who put plans on hold that ended up taking advantage of of the market in the month of April. So we're anticipating a really strong April. That's Williams realtor. Jeff Glover with the Jays Beth Fisher Tigers pistons inaction last night's sports coming.