Monday's Main Event - Vol. 138.0 - 08.18.2025

 

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... ... August prices are holding, but the makeup of what's selling is quite different from a year ago... Month to Date August is down a little more than -6% from last years closings, which as we can see is coming mostly from the Detached and Condo segments of the market.  That said, the average home price month to date is essentially flat (+.1%) to last year, showing some resilience in the higher end of the market. The 30 year average mortgage rate dropped again last week to its lowest level since October of last year.  As we see this pattern happen fairly consistently in August, with one week to go we'll need another pretty big drop to meet last years rate. To sum it up...  With one week to go in the month home closings are down and it will take some effort to see that rebound.  Home prices are staying resilient at this time where people are deciding to hold off on buying (or selling) vs. taking significant reductions in prices. Mortgage rates are on a downward trend, but seem slow to get to last years levels.  There are some bright spots with local lenders, especially in the higher priced market at this time. Another one Sold! Congratulations to my Seller and to the Buyers who will surely love living closer to the beach and the Lewes community. 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.