Monday's Main Event - Vol. 59.0 - 12.04.2023

 

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... ... Mortgage Rates are dropping rapidly.... Now is the time for both Buyers and Sellers to consider making a move. November 2023   Buyer demand in November continued to be strong with all quadrants of Sussex County reporting increases over last year; with the exception of East of Rt.  1.  This has been the trend all year, but November is the first month where Closings increased over the same month a year ago. Interest rates continue to come down and we see continued opportunities for both buyers and sellers in this evolving market. "Marry the House, Date the Rate" To sum it up...  With Days on Market hovering around 24 days on average and Closings increasing to last year, Buyer demand is still robust. The average home sold price east of Rt 13 is still higher than a year ago and the 5 year average. Interest Rates continue to decrease as the weeks go on and some boutique lenders who hold mortgages in-house are able to offer rates below the national average as well as offering some creative solutions to offset current market trends.  Ask me for more information, if you're interested. New Listing Alert! 2 Madaket Court, Rehoboth Beach Conveniently located just 4 miles to down town Rehoboth Beach, this 4 bedroom, 3.5 bath home has a recently remodeled kitchen and an open floor plan. Warm up in front of the fireplace in the living room on chilly winter days. The bright sunroom accesses the large deck overlooking the community pond and fountains. A flex room on the main living level can be used for entertaining or as another bedroom if additional space is needed. The primary bedroom suite is located on the main living level with 3 more bedrooms and 2 full baths upstairs. Completing the second floor is a large bonus room, great for secondary living. Not to be overlooked is the full basement with walkout access to the rear yard.  For more information and additional photos, click here - View Listing https://matrix.brightmls.com/Matrix/Public/Portal.aspx?ID=DE-2075652500987&eml=amVmZmhlY2tlcmhvbWVzQGdtYWlsLmNvbQ== Don't delay, Call or text me today.  215-432-3066 Click Here to start your home search, today! Help me, help you. Complete the Survey 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.