In 2024 IPO Brokered $235M in Sales Volume

January 2025 – Bloomfield Hills, MI

Back to Business…We have turned the corner, and as we project into 2025 we also reflect on 2024 and the apartment and real estate industry overall. Waiting for Fed rate cuts has passed. Now the industry forecasts how many more rate cuts and how soon they will come. The overall landscape is one of springtime; we expect significant positive changes in 2025.

In 2024, IPO closed on 47 sales of apartment communities across the Midwest. This represents $235M in sales volume and nearly 3,000 units across 4 states. In December Costar reported that IPO brokered the largest sale in the Detroit market, Glengarry Park, and received Top Broker based on transactional volume with 27 transactions in Detroit, dwarfing our competition.

IPO’s sales in 2024 for the Detroit MSA were almost as much as the top ten other brokerages combined, once again beating out a “Who’s Who” of national franchised brokerages.

Click here to read our complete 2024 Review