Monday's Main Event - Vol. 136.0 - 08.04.2025

 

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... ... July Closings were tougher closer to the beach, is now the time for a FED rate reduction? Digging into the Quadrant Closings for the month of July, we can see transactions and average closed price were up in all quadrants across Sussex County, with the exception of East of Rt. 1. As we come into a new month, the August 30 year mortgage rate average is flat to July's average and up almost a quarter of a point from a year ago.   To sum it up...  Across the county sales growth seems to be the stronger farther away from the beach area.  This can be more attributed to price resistance than location as the total number of transactions East of Rt 113 is nearly 3x those west of Rt.113. Mortgage rates were on a positive trend downward for most of the year, but as we come in to August, we realize that there's a long way to go and this may be the ideal time for the FED to make a move that is material enough to bring long term rates down. The very happy Sellers and Buyer have both realized their dreams to move on to a new chapter in their lives.  Congratulations to everyone that made this a reality! 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.