Market and Weather Conditions
If we are talking about weather, our outlook is sunny and 70 degrees - a breath of fresh air for fall! If we are talking about real estate, our local outlook continues to warm up - a breath of fresh air for sellers!
“Inventory” has been the hot word for the past several months. The number of homes available for sale has been historically low, both nationwide and locally. This summer, while we saw the frequency of new listings rise, many homes sold within a week of hitting the market, especially lots and homes in-town/in downtown Lewes.
With this rise in homes on the market, we also saw an increase in multiple offers for certain properties. Even though interest rates are edging up, it is still a great time to purchase a home. So, if you have been considering selling your home, it’s a good time to consider your own long-range forecast! The Lee Ann Wilkinson Group is always available to consult with potential sellers (and buyers!) about your home value, comparable local sales, and your own marketing plan. Contact us anytime for more information.
Weekend Outlook - Sunny with a chance of dragons
This weekend’s weather shift is also a perfect time for locals to change our own outlook. Enjoy a different outdoor activity, even if that means just taking a sweatshirt to the beach, taking a long walk on the Rehoboth Boardwalk, or hitting the soccer field in Milton!
A new option this fall is to head to downtown Lewes for The First Annual Lewes Dragon Boat Festival! Tomorrow, Sunday, September 15 beginning at 11 a.m., watch 21 local teams take to the Lewes Canalfront Park and the Lewes-Rehoboth Canal. If you have never seen a Dragon Boat race, check it out – and look for many of your local friends, paddling together to the beat of the same drummer. The Lee Ann Wilkinson Group is a proud sponsor and joins a group of local businesses and restaurants for the fun. Bring the whole family!