Eckington By The Numbers || Weekend 11.17.2024

Happy Sunday, everyone!

It’s been a pretty quiet weekend. Currently, in Eckington, there are 38 active listings, with 5 homes closed in the past 30 days. As we approach the holiday season, even though there are fewer buyers in the market, the ones who are looking are serious.

If you’re planning to sell during this time, take the extra effort to ensure your home is market-ready. Buyers who make time during their busy holiday schedules to view properties are often ready to make a purchase.

The Fed has now lowered the rates by another quarter point, which should continue to move the market rates eventually.

As of Friday, November 15 the current average interest rate for a 30-year fixed mortgage is 7.05%.

*We source this data from Mortgage News Daily.

Eckington By The Numbers || Weekend 11.09.2024

Happy Sunday, everyone!

Alex and I have noticed a slight uptick in both attendance and real estate activity. My sense is that people are seeing rates starting to dip, and, as we discussed last week, they may be looking to get under contract before we shift back to a seller’s market. This approach—moving quickly for better pricing and terms—feels like the right one in a market that's starting to turn.

On the seller side, we’re seeing a common pitfall: overpricing. When buyers have options, they can afford to be selective about what they purchase. To stand out, it's crucial to present your home in the best possible way—clean, flawless, and competitively priced. This approach worked well for our condo listing at 220 T NE #3. The seller understood the importance of showing the home in top condition and setting an aggressive price, which helped us get it under contract while other condos in the area are still sitting on the market.

Hope everyone has a great week ahead!

Right now in Eckington, there are 39 active listings, with 4 closed in the past 30 days.

Eckington By The Numbers || Weekend 10.12.2024

It was a bit of a slower weekend, likely due to the holiday. The number of active listings has risen to 51, compared to 49 at this time last year—a fairly consistent trend. We're seeing an uptick in inquiries and open house attendance, which suggests savvy buyers are taking advantage of this window of opportunity to purchase with less competition. Once rates drop, we expect a surge in buyers, making the market much more competitive.