Monday's Main Event - Vol. 86.0 - 07.01.2024

 

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... More inventory in June, what's going to happen next???? Year to Date closings through June are down slightly compared to last year both in units and in dollars, however, the average closed price remains 10% higher than the 5 year average. New listings skyrocketed last month with more than a 17% increase over a year ago.  Year to date new listings are up about 20% from the first half of last year, but still averaging down about 18% from the 5 year average for the same time period. Interest Rates continue to take baby steps downward and ended June 13 basis points below the May average.  Last weeks National Average was 6.86%, showing true movement from May. To sum it up...    As interest rates come down and more inventory becomes available, we are quickly becoming poised for a feeding frenzy of Buyers looking to get in to their new home or investment property.  Consider this... July 2023, interest rates averaged 6.84%.  Last week, the National Average was 6.86%.  So, if rates continue to decline as they have the last 4 weeks, the average Buyer will be able to afford more in July of 2024 vs. 2023.  This will likely accelerate demand and keep prices stable or possibly increase them.  Now is the time to get financing in order to be on the front of the momentum.   Call, Text or Email me 215-432-3066 // jeff@jeffheckerhomes.net Looking for a Deal ? See what's been sitting around for more than 90 Days and where the greatest opportunities are to negotiate with Sellers Detached Homes Townhomes Condominiums Manufacturerd Homes See something you like ? Call, Text or Email me for more information. jeff@jeffheckerhomes.net  215-432-3066 Accredited Buyers Reprensentative I'm proud to say that recently I became an Accredited Buyers Representative through the National Association of Realtors. This accreditation is geared toward the nuances of a Buyer and Seller relationship and how Agency comes into play with Unrepresented Buyers. Did you know, if you're a Buyer and don't have an Agency relationship with your Realtor®, they are representing the Seller, NOT YOU!? For More Information: Jeff Hecker - 215-432-3066 - jeff@jeffheckerhomes.net 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.