Monday's Main Event - Vol. 118.0 - 03.10.2025

 

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... ... Spring is here, is March poised to eclipse 2024? Although February ended with -6% fewer closings than a year ago, year to date Sussex County is up 4% for the same time period.  February saw an 11% increase in new listings over a year ago and a 42% sell-through of those new listings.  This shows there's still a significant and immediate demand for new listings as long as the price shows inherent value. Over the last few weeks we've seen national mortgage rates come down and although the February average ended up from a year ago, March so far is running well below February 2025's average and even slightly below February 2024.   I'm always grateful to be able to sleep on Sunday, the day the clocks change in the Spring, but boy it was a tough Monday morning to rise and shine.  Spring is here and Summer isn't far behind!! To sum it up... Although closings in February were down from a year ago, more listings in February and continually declining interest rates are setting March up to be a strong month for both new listings and more closings vs. a year ago.  March is historically one of the largest months for closings, so keeping an eye on new listings will be important to see if growth in March is possible. 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.