Monday's Main Event - Vol. 134.0 - 07.21.2025

 

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... ... Year to date though June transactions, prices, and DISCOUNTS are up ... Year to Date though June Closings are up about 6% over the previous year with a 7% increase in average price from a year ago.  The 5 year average has dipped below double digits, so although we are seeing increases, they are normalizing. Currently, a little more than half of the Resale homes on the market have already taken at least one price reduction with the average reduction a little less than 7% below the original list price. Rates this month have bounced up and down slightly, but for the most part have remained stable.  With one more week left in July and August rates last year beating those of the preceding month, we hope to see a continued down-trend through August 2025. To sum it up...  Transactions for the first half of the year remain strong as does the average home price; although, we do see much more discounting by Sellers than in the recent past. The White House and the FED keep talking about moving a Short Term Interest Rate reduction up from September, but strong Jobs reports and higher-than-desired inflation are keeping them from making the move.  Maybe we'll see it in August...  Just keep in mind, FED rates aren't directly or immediately tied to Mortgage Rates, so a move in the FED doesn't necessarily mean a move in Mortgages. Congratulations to the Sellers of this stunning condo in Ocean View, and to my Buyer who will soon be enjoying the peaceful views of Boaters and Dolphins going by! Congratulations to the Sellers of this amazing condo in Rehoboth Beach, and to my Buyers who look forward to family fun and walk-ablilty to everything downtown Rehoboth has to offer! 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.