Eckington By The Numbers || Weekend 08.26.23

Please see below for the summary real estate numbers, the link to download the printable PDF of the "Eckington Sales Tracker & Open House Guide", and a link to see all active listings currently in our neighborhood.

In terms of recent activity in Eckington, the number of active listings moved from 31 to 33, while a total of 5 closings occurred within the last 30 days.  With the fall market just a few weeks away, we anticipate a surge in activity during that period.

Additionally, Alex and I have created a video spotlighting the exceptional qualities of our neighborhood in Eckington. Feel free to watch it here and share it with those interested in learning more:


 As of Friday, August 25th, 2023, the current average interest rate for a 30-year fixed mortgage is 7.39 *We source this data from Mortgage News Daily. 

Eckington By The Numbers || Weekend 08.12.23

Even with higher rates and being in the slower part of August, we are seeing some sellers get multiple offers. If you are buying, here are a few things to consider when putting in an offer in a competitive situation:

  • Get pre-approved for a mortgage before you start making offers. This will show sellers that you are serious about buying and that you have the financial means to do so.

  • Work with a real estate agent who is experienced in a competitive market. They will be able to help you price your offer competitively and make sure that your offer is in the best possible shape.

  • Price your offer competitively. In a sellers market, you'll need to price your offer competitively in order to be considered. This means offering at or above the asking price, and possibly even more.

  • Waive contingencies. Contingencies are clauses in your offer that allow you to back out of the deal if certain conditions aren't met, such as if the home doesn't appraise for the agreed-upon price or if you can't get financing. In a sellers market, sellers are more likely to accept offers that waive contingencies, as this makes the deal less risky for them.

  • Offer a quick closing. Sellers are also more likely to accept offers that have a quick closing, as this means they can get their money sooner.

  • Be prepared to negotiate. In a competitive situation, sellers are likely to receive multiple offers. Be prepared to negotiate with the seller to get the best possible price.

  • Be prepared to act fast. Homes in a competitive market tend to sell quickly, so you'll need to be prepared to act fast if you see a home you love. Have your offer ready to go and be prepared to submit it as soon as possible.

By following these tips, you can increase your chances of making a winning offer in a competitive market.

Eckington By The Numbers || Weekend 08.05.23

In terms of recent activity in Eckington, the number of active listings moved from 33 to 34, while a total of 7 closings occurred within the last 30 days. There are a few really great listings on the market this weekend. In particular, an end unit located at 181 V Street NE caught my attention. See it here: 181 V Street NE Listing

In the dynamic world of real estate, higher interest rates can have a profound impact on home values. When interest rates rise, it directly affects the affordability of homes for potential buyers. With increased borrowing costs, homebuyers may find themselves constrained by reduced purchasing power, leading to a decline in demand for homes. Consequently, as demand wanes, home prices tend to soften, slowing down the appreciation rates and potentially leading to a more balanced market. Additionally, higher interest rates can discourage homeowners from refinancing their mortgages, reducing the supply of available homes for sale. As real estate markets are intricately linked to interest rates, it becomes crucial for homeowners and investors to stay informed and adapt their strategies to navigate these fluctuations successfully.


All of the above being said, when the jobs report showed some slowing growth (meaning inflation control efforts are working), interest rates fell by 0.17%, which is not a small increment. As of Friday, August 4th, 2023, the current average interest rate for a 30-year fixed mortgage is 7.03 

*We source this data from Mortgage News Daily. 

Eckington By The Numbers || Weekend 07.29.23


If you're thinking of listing your home this fall, now is the time to start working on it. Selling a home involves critical steps that require ample time for proper execution, and starting early will undoubtedly give you a competitive edge and much less stress. First and foremost, take the time to declutter and organize your space, allowing potential buyers to envision themselves in the property. Undertaking any necessary repairs and renovations is another essential step, as it ensures your home presents its best version to prospective buyers. Moreover, landscaping and enhancing curb appeal demand careful attention, as lush gardens and well-maintained exteriors can significantly impact a buyer's first impression. Lastly, collaborating with a trusted real estate agent early on will set you on the right path, as they can guide you through the process and help determine an optimal pricing strategy. Embrace the warmth of the season, and let this summer be your catalyst for a successful fall property listing.

Eckington By The Numbers || Weekend 07.08.23

Happy Monday Eckington folks,

Please see below for the summary real estate numbers, the link to download the printable PDF of the "Eckington Sales Tracker & Open House Guide", and a link to see all active listings currently in our neighborhood.

We have now entered the peak of summer, commonly referred to as the "dog days," and its impact is evident in the real estate market. As an illustration, there were no open houses held in Eckington over the past weekend, as individuals are currently making their way to local beaches or embarking on long-awaited vacations. In terms of recent activity in Eckington, the number of active listings has remained steady at 31, while a total of 11 closings occurred within the last 30 days.

In other news, the economy continues to thrive, resulting in escalating interest rates until a slowing point is reached, which will subsequently lead to a decline in inflation. As of Monday, July 10, 2023, the current average interest rate for a 30-year fixed mortgage is 7.14% *We source this data from Mortgage News Daily.

Thank you,

John