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.

Eckington By The Numbers || Weekend 10.05.2024

We've made some adjustments and can now deliver this report on Friday afternoons, which works much better for the Open House Tracker we provide.

Also, just a reminder that tomorrow is Eckington Day! It’s definitely worth a visit. The agenda is below.

Alethia Tanner Park Saturday October 5

11:30 AM - 12:30 PM

DC Fire "Touch a Truck"

12:00 PM - 12:30 PM

Free Salsa Lesson

12:30 PM - 1:00 PM

1-Mile Fun Run on the MBT

Starting and ending at Alethia Tanner Park

1:30 PM - 2:30 PM

Pet Costume Parade

2:00 PM - 3:00 PM

Free Yoga Class (2:15 PM - 3:00 PM)

DOWNLOAD FULL PDF of the ECKINGTON SALES TRACKER & OPEN HOUSE GUIDE // CLICK HERE

As expected, we’re seeing a somewhat muted fall market. This is largely due to many buyers holding off, waiting for interest rates to drop and factoring in the upcoming election year. Currently, there are 49 active listings in Eckington, but we’ve had zero closings in the last 30 days. I believe this is the first time we've seen that since we started tracking this data almost five years ago. That alone shows how hesitant people are right now.

I stand by my previous point: if you’re a savvy buyer, now is the time to go hard and find the right place. Buy when things are quiet, secure a great deal on the property, and refinance when rates come down next year. You can always renegotiate the rate, but you're locked into the sales price.

Check out the video below on current rates for more information.