Monday's Main Event - Vol. 165.0 - 03.30.2026

 

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... …Higher rates are slowing sales, but prices are still holding firm... With March essentially finished, home sales are down dramatically (-29%) from a year ago while home prices are staying fairly steady with a slight increase from last year and the 5 year average. There was a nice uptick in demand last week with 105 new pending contracts with about 60% of those being Detached Homes with an average price of $650K. The 30 year Fixed Rate mortgage National Average jumped significantly last week to 6.38%.  The decline in the stock market and uncertainty internationally are keeping rates higher. 🏠 March is closing with Coastal Delaware home sales down 29% from a year ago, signaling a noticeably slower market as higher interest rates and broader uncertainty continue to weigh on buyer activity. 📊 Even with sales volume pulling back, home prices are still holding fairly steady, with a slight increase over both last year and the five-year average. The market appears to be flattening, but values have not started to decline. 💰 Demand showed a welcome spark last week with 105 new pending contracts, about 60% of them Detached Homes, at an average price of $650K. ☀️ The 30-year fixed-rate national average jumped to 6.38% last week, and with market volatility and international uncertainty still in play, buyers are moving more carefully as we head into April. Under Contract in 7 Days! Located in Friendship Village in Harrington, Kent County, this adorable 3 bedroom 2 bath home with a .25 acre fenced yard overlooks community common space and central pond.     Property Details:  https://us-east.prospects.com/prospects/m.do?tk=1ea6b94dc58575b8f491049950a1df4b 3D Tour: https://my.matterport.com/show/?m=8GedvG7AjaW Back on the Market! Now offered at $755,000.00 This beautiful Iris model from Schell Brothers reflects coastal style with a nod to an equestrian lifestyle.   Conveniently located in the community of Saddle Ridge, it's just minutes to downtown Lewes and Rehoboth.  The three season room overlooking the community green space, pond, and amenities is a must see.  Complete with 4 bedrooms and 2.5 bathrooms, there's plenty of room for comfortable living and entertaining.    Property Details:  https://us-east.prospects.com/prospects/m.do?tk=57ff4857b8676b8357fb49a0a8789c11 3D Tour: https://my.matterport.com/show/?m=TjdmJTchBi1   Schedule a Private Showing New Price! This beautifully appointed Frank model by Insight Homes is move-in ready and now offered at **$585,000**—priced well below the builder’s base price, even before factoring in any aftermarket upgrades. An incredible value, perfectly timed for the spring market! Property Details:  https://us-east.prospects.com/prospects/m.do?tk=2a9c8a39e688e6a745b94f04605c65d6 3D Tour: https://my.matterport.com/show/?m=JqnUpkAVnSe   Schedule a Private Showing Now Available! Now active in Creekside and ready for your showing window—this spacious end-unit feels like the perfect coastal launchpad for weekend getaways, a second home tradition, or a smart rental-ready investment. With multiple living levels and an entry-level bedroom, it’s set up to host comfortably and live flexibly. The private dock access and boating connection make it especially hard to replicate—don’t miss your chance to tour it early.  Property Details -  https://us-east.prospects.com/prospects/m.do?tk=ed9e0d397ab10def726291345c961042 3D Tour -  https://my.matterport.com/show/?m=AoLimwbVgRd Schedule a Private Showing 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.