In some cases, it’s being driven by historically low mortgage rates — Kent County Realtor Dee Hake DeMolen recently had a first-time buyer lock in at 2.75 percent for the first five years.
In other cases, buyers are responding to a declining supply of unsold homes, noted Andy Staton, who has a team practice with Prudential Gallo in Rehoboth Beach. Sellers also are more inclined to heed their agent’s advice and list their homes at realistic asking prices, he said.
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