Monday's Main Event – Vol. 188.0 – 09.28.2026
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...
…Fall activity varies as closings soften and mortgage costs rise…
September closings are lower than a year ago across every property type, while detached homes remain the largest segment.
Average sold prices vary by category, with detached homes higher and condos and manufactured homes lower year over year.
Newly pending contracts have moved up and down over the past six fiscal weeks.
Week 39's count eased from Week 38, showing a variable pace as fall begins.
The national average mortgage rate rises strongly across the three comparison points, with last week pushing past 7.0%.
The accompanying Sussex County payment estimate also rises, keeping monthly cost central to buyers' decisions.
Sum It Up
🏠 September's month-to-date closings are below the prior year across detached homes, townhomes, condos, and manufactured homes. Detached homes still account for most of the activity.
📊 Newly pending contracts have fluctuated over six weeks, with the latest week easing after the previous week's stronger count. Buyers remain active, though the pace is uneven.
💰 The average mortgage comparison shows a higher national average rate and monthly payment estimate at the latest point. Payment planning remains a useful first step.
☀️ As fall unfolds in coastal Delaware, well-prepared buyers and sellers can use these shifts to make informed decisions about timing and pricing.
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Looking for a Deal ?
See what's been on the market for more than 90 Days
and where the greatest opportunities are to negotiate.
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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