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...
…Closings hold near last year as contracts ease and rates rise…
October closings in Sussex County are running just behind last year, while average sale prices remain noticeably higher.
The average price is slightly below last month but comfortably above the five-year average.
Newly pending contracts declined again last week, reaching the lowest level in the five weeks shown.
For Sussex County sellers, that makes pricing and presentation especially worth attention as buyers weigh their options.
Mortgage rates have climbed above both last month and last October, pushing estimated monthly payments higher.
For buyers, reviewing the full payment picture with a lender can help keep a coastal Delaware home search focused on a comfortable budget.
Sum It Up
🏠 October’s Sussex County closings are tracking close to last year, while average sale prices continue to show year-over-year strength.
📊 New contract activity has eased over the past two weeks. Sellers heading into November may benefit from setting realistic expectations and making a strong first impression.
💰 Higher mortgage rates are adding to monthly ownership costs. Buyers should revisit their financing estimates before deciding what fits their budget.
☀️ Looking ahead, local conditions and individual property value will matter. Whether you’re planning a move now or exploring next year, a neighborhood-specific conversation can help you map out your next step.
Under Contract!
Coastal calm meets easy single-level living in one of Lewes' most amenity-rich waterfront communities.
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Looking for a Deal ?
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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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