Monday's Main Event - Vol. 139.0 - 09.01.2025

 



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 ended stronger than it began, but what will that mean for September?

August is in the rearview mirror and the last week of the month was strong compared to the first 3 weeks, ending the month with a slight increase in Closings from a year ago.  The average home price is still staying strong at +4.3% vs. last year and +7% over the 5 year average.
The 30 year average mortgage rate stayed steady through the month which meant they declined from July, but not enough to meet or beat last years average rate in the month.
To sum it up... 

August had a very slow start and some would say it's a surprise to see a net gain over a year ago coming entirely from the last week. 

Interest rates did come down and are poised to decline further as the Fed weighs their rate move in the coming weeks. 

As we come in to September, we will look forward to a decline in the Fed rate and a hopeful move lower with mortgage rates, as well.  
Just Listed - this beautiful Frank model from Insight Homes is located in an idillic setting in Millsboro, about 20 minutes to the beaches.  Just 6 years young - this very well appointed 4 bedroom, 3 bathroom home is complete with custom board and baton trim throughout and a cozy 3 season room overlooking community ponds and fountains.

Property Info
https://us-east.prospects.com/prospects/m.do?tk=2a9c8a39e688e6a745b94f04605c65d6

Property Video:
https://players.brightcove.net/5781544516001/default_default/index.html?videoId=6377143916112

Property Walking Tour:
https://my.matterport.com/show/?m=JqnUpkAVnSe
Schedule 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
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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
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Market Stats for Specific Towns or Communities

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