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...
…Fewer closings, a pickup in contracts, and slightly lower rates…
Sussex County recorded fewer November closings than a year earlier.
The average closed price was higher year over year and above the five-year average, even after easing from October.
Newly pending contracts picked up for a second straight week.
The latest count remained below the strongest week in the five-week stretch.
The average 30-year fixed rate eased from October, and the estimated monthly payment edged lower.
Both remained above the levels shown for last November.
Sum It Up
🏠 November’s Sussex County figures show how sales activity and prices can move in different directions. Fewer homes closed than a year earlier, while the average closed price held above last year’s level.
📊 After a mid-stretch dip, new contracts have started to recover. The next few weekly readings will help show whether that pickup can hold.
💰 November brought some month-to-month relief on mortgage costs. For buyers running the numbers, the estimated payment on the same loan was still higher than last November’s.
☀️ As we head deeper into fall, I’ll be watching whether the recent improvement in contract activity carries through the next few weeks.
Under Contract!
Coastal calm meets easy single-level living in one of Lewes' most amenity-rich waterfront communities.
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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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