Monday's Main Event - Vol. 72.0 - 03.18.2024

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... ... Interest rates came down a little, inventories are on the rise...  February 2024 and Year to Date   February and Year to date, approximately 40% of the homes closed on sold at or above the original list price, while homes that sold below the list price were discounted a little more than 7%, on average. The National average mortgage rate came down last week to 6.74%, or in-line with February's average.  Still slightly higher than a year ago, rates are moving in the right direction to encourage both Sellers and Buyers to make a move. "Marry the House, Date the Rate" To sum it up...  Demand for homes is still very strong with a quarter of all homes selling for more than 11% over the list price.  As interest rates decline, we expect to see more buying power with buyers; coupled with pent-up demand in a spring market, shorten the number of days a home is on the market and / or an uptick in the average home price sold.   Call, Text or Email me 215-432-3066 // jeffheckerhomes@gmail.com 0 Keyway Court Situated on 6 acres, this idlillic parcel percs for both LPP and Gravity Fed Septic and has private access to 314 acres of wooded State land.  With no builder tie-ins, it's ready for you to build your dream home. Jeff Hecker - 215-432-3066 - jeffheckerhomes@gmail.com 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.