Monday's Main Event - Vol. 102.0 - 10.28.2024

 

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... Closings were up in October, thanks to more inventory in prior months.  Will Sellers get the hint and off the fence?? October Closings ended up 21% over a year ago, a significant increase over the single digits we saw in August and September.  This can be predominately attributed to the high level of new listings vs. a year ago in August and September. October Mortgage rates climbed again last week pushing the National average over 6.5%.   To sum it up...    More inventory in August and September fueled higher demand and closings in October.  A 65% increase in Townhome sales year over year drove these closings, and while at a lower price than Detached Single Family homes, also brought the overall average price down slightly.  Lower interest rates in September and early October also influenced the surge in home purchases, giving Buyers a little stronger buying power vs. earlier in the year.   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 Manufactured 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.