Monday's Main Event - Vol. 140.0 - 09.08.2025

 

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 by Quadrant was still pretty stable.  Now's the time for the Fed to reduce rates! August by Quadrant saw increases in uniti transactions across the board with the exception of West of Rt 13, the farthest area from the coast.  Although we did see increases in the average home prices in all quadrants but the area between Rts 113 and 13, the gains were minimal excluding the closest to the coast. September is here and the anticipation of a reduced Fed rate has everyone in a wait and see mode.  September opens the month down a little bit from August, but still up almost a quarter percentage point over last year. To sum it up...  Quadrant by Quadrant we are still seeing fairly strong activity across Sussex County, especially closer to the coast.  Both transactions and the average home price are up over a year ago for the month of August and year to date. Interest rates have continued to come down week by week, but are still higher than a year ago.  Increased unemployment rates are a sign of a slowing economy and an indicator that soon may be the time for the Fed to make the move they've been talking about for some time now. 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 My Buyer couldn't be happier to have closed on this beautiful condo in Ocean View with stunning views of the Bay and Inlet Bridge.  Many happy years ahead, Sue!   Congratulations to my Buyers, Gerry and Lisa!  I know you'll love having a great get-away in Rehoboth Beach to enjoy with your family all year round.   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.