Is the Delaware Real Estate Market Crashing?

Will the Delaware Real Estate Market Crash?
Join us as we dive into what we are seeing in the real estate market here in Coastal Delaware & what we think will happen for the rest of 2024!
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Matt Lunden, ABR®, REALTOR® | Rehoboth Beach, DE
Lunden Group
Keller Williams Realty
Call/Text: 302-200-6018
Email: [e-mail]
Office: 302-360-0300
We assist buyers looking throughout Coastal Delaware and work extremely hard to market the homes that we list for sale throughout the Coastal Delaware region. As award winning agents, we bring cutting edge practices & a background of service industry expertise to the Coastal Delaware real estate market to outshine client expectations.
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#Delaware #RehobothBeach #Lewes #302 #CoastalDelaware #WeKnowRelo

[@jeffreyauch9266]

Great info Matt. I agree with your analysis. If the homes priced right and marketed correctly it will sell. Thanks for all your help in our coastal DE home search.

[@ChrisCanary]

With the rise in "cash only" sales, lots of foreclosures, layoffs and business shut downs, the Real Estate Agent I was working with to buy a home in Oregon told me straight out that the housing market IS about to crash. She said 4 co-worker agents in her office got outside jobs and left because they had not closed a sale in over 7 months.

[@MattLunden]

Unfortunately those are the same people that have said it was going to crash since forever. Market is very strong in most locations, including here in Coastal DE. Something tells me those other agents would have to leave regardless - many agents leave the business every year due to not producing enough sales - it’s no different than any other sales role

[@AAli-df3xv]

Just do a quick search in Lewes. Tons of homes for sale, not to mention all the new builds in the works. Many homes in the DE beach areas are 2nd homes & are rentals. Many want to get out of rental business and are looking to sell. I don’t know what you’re reading, but the economy is not doing well & it’s only going to get worse. Look at personal debt. Many are living off their credit cards to meet their basic needs. You’re way off base telling people to buy now. No thanks, just a few yrs. ago you could buy a new house in DE for $400k and now it’s $700/$800k. You can go ahead & buy now, but not me!