Monday's Main Event - Vol. 135.0 - 07.28.2025

 

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 ...  BUT, JULY ended down from a year ago. July transactions were down slightly from a year ago while the average closed price was down 6.5%,  bringing the the average closed price within 3% of the 5 year average. New listings in July were down 4% from a year ago while pending contracts of listings that came on the market in July were roughly 35% of the total new listings in the month. July 30 year mortgage rates are fluctuating minimally though out the month and August is historically lower than July, so hopefully we will see a larger downward shift in the coming weeks. To sum it up...  While July didn't produce the best results in closings or average home prices, we may be seeing more people waiting on the promise of a lower rate from the Fed in the near future.   Although Fed rates aren't directly tied to mortgage rates, we do anticipate a little more activity in the local market as we move closer to the Fall months. 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.