Dewey Market Watch 9/9/25 thru 10/2/25

Summer’s over but the autumn season is heating up! The much anticipated autumn inventory is in full swing. There’s been seven new listings in the short three week period! The new inventory consists of three new single family homes, three condos and one fractional share Surf Club. We’ve only seen three contracts ratified within the three week timeframe. I expect the inventory to considerably increase in the weeks ahead. I also believe that there’s going to be a lot of activity coming in from the buyer’s side. Interest rate dropped for the 2nd time Presently the rate are 30 year fixed (20% down) 6.375%, 30 year fixed (10% down) 6.125%, 30 year fixed FHA 5.625% and a 30 year fixed VA is currently 5.750%. That’s a considerable drop from the 7-7.5% we’ve been experiencing lately. Rumors of two more price drops in the very near future but I’ll believe it when I see it! The inventory in Dewey and the surrounding communities consist of six (fee simple) single family homes, three (leased land) single family homes, nine condos and two fractional shares Surf Club units. That’s 20 properties that are presently listed. Let’s be honest, we haven’t seen this much inventory in quite a long time. The rates have dropped with rumors of more in the future. I’d have to guess that we’ll have an very active market possibly right through the holidays! It’s an excellent time to list! You may be surprised at the value of your home in today’s present market. Please contact me for a free market analysis:) 

We were spared from side by side double hurricanes but the sea is still angry. After every hurricane follows with incredibly calm weather. The forecast for this weekend is gorgeous and low to mid eighties for all of next week!! Get out and enjoy!!!