Monday's Main Event - Vol. 124.0 - 05.05.2025

 

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... ... Closings by Quadrant in April are not surprising... Diving into the Quadrants of Sussex County, we can clearly see the largest drop in home closings in April coming from the area between Rts 113 and 13 while East of Rt 1 also had significant fall off from a year ago.  Although the area between Rts 1 and 113 had a lower percentage decline, because it is the single largest quadrant, the decline in actual number of homes was larger than any other quadrant. The national average fixed rate came in a little lower last week showing a little bit of resilience.  Although rates are still in the high 6% range, it is still significantly below where they were a year ago.  To sum it up...  April was a turbulent month in Sussex County Real Estate, as it was nationally.   Through the month we saw home sales constrict across the county, with the exception of the West of Rt 13 quadrant.  With the reversal and delay of some of the tariffs that were announce in April, the national mortgage rates responded favorably.  The FED is still indicating they are holding the FED rate for now, so we may see rates stay in this relative area for a while longer.   26117 Kielbasa Court, Lewes Delaware 19958 Request a private tour of this home 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.