Monday's Main Event - Vol. 115.0 - 02.10.2025

 

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... ... Where's the inventory?   Currently there are 804 Active RESALE listings on the market, which is down slightly from a year ago.   30 year Mortgage Rates declined a little last week bringing the February average below that of January.  Congratulations to the Philadelphia Eagles!  Fly Eagles, Fly! To sum it up... January added 245 new listings making up about 1/3 of the total active listings. Since those homes came on the market, close to 50% of them went under contract or decided not to sell and removed their home from the market. Roughly 30% of all current listings have been on the market for 30 days or less while about 45% are on the market more than 90 days. With a potential increase in tariffs on lumber from Canada in the future, we may see New Construction starts slow as builders may need to increase prices to account for this.  This may shift attention more to Resale listings where non-builder sellers will have a little more leverage. There are indications so far that the FED will hold rates where they are for now, but as we know that generally impacts short-term interest rates more than Mortgage Rates. 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.