Monday's Main Event - Vol. 74.0 - 04.01.2024




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...

... March ended a little lack-luster.  Did the Easter calendar shift have something to do with it??

March 2024
 

Closings for March were down compared to a year ago.  With Easter earlier this year, people taking the week off for travel and one fewer work day last week vs. a year ago, may have had a impact and might come out in the wash in April. 

Home prices were down a touch from February, but still up over last year and the 5 year average.

Interest Rates came down a little last week, but not enough to materially change the month to date average.  April rates last year were lower than those in March, so we may expect to see rates come down in the coming weeks.

To sum it up... 


Home sales were down slightly, but this could be the result of a calendar shift for the Easter holiday and April may prove to be stronger than last year, as a result. 

Home prices are still higher than a year ago and compared to the 5 year average; while interest rates remain relatively unchanged all month.


 

Call, Text or Email me
215-432-3066 // jeff
@jeffheckerhomes.net

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 - jeff@jeffheckerhomes.net
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*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.

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