Monday's Main Event - Vol. 52.0 - 10.16.2023

Monday's Main Event Get a jump on your week with the latest in local Real Estate Market trends, Mortgage Rates, and Local Happenings The Main Story... ...  Builders and Resale sellers are continuing to see high demand in the wake of higher interest rates. September 2023 - Final September Closings were down close to 20% from last year as inventories are lighter than a year ago.  New construction continues to make up a little more than 30% of the closed transactions year to date. The average mortgage rate continues to increase.  We saw a big leap from September to October last year.  That change isn't nearly as dramatic this year, so hopefully this is a good sign. "Marry the House, Date the Rate" To sum it up...  Sales continue to trend down from last year, although better than earlier in the year.  Resale inventory continues to lag behind last year, as well, keeping average sale prices higher than a year ago and the 5 year average. Click Here to start your home search, today! Help me, help you. Complete the Survey Feature of the Week  147 Torquay Court Waterfront home in Rehoboth Beach Yacht and Country Club 5 bedrooms and 3.5 bathrooms in 3750 square feet of living space, this home has a private dock and bulkhead with direct access to the Rehoboth Bay. Located in Rehoboth Beach, approximately 10 minutes to all that down town Rehoboth Beach has to offer. Contact me today for more information or a personal tour of the property. Photograph courtesy of Barrows and Associates Click here to email me for more information Forward this to a Friend Real Estate Portfolio Analysis Stay up to date on your home valuations and real estate assets with a real estate portfolio review. New Newsletter Content Want something that you don’t see in this newsletter? Hit reply and let me know! Local Business Recommendations Reach out to me for any home improvement project contractors, or even food & activity recommendations. Market Stats for Specific Towns or Communities I’m here to help decode the mystery of the Sussex County Real Estate market. Let me know which communities you are interested in for more information.

 

Did you find this information helpful?  Let me know by simply replying "thanks" in the comments, below. Interested in information about a specific town or community?  Let me know in the comments, below.   I'm here to help decode the mystery of the Sussex County Delaware Real Estate market.

*all information in this email is relative to Sussex County Delaware and is not to be construed as the case for Kent or New Castle Counties.