Eckington By The Numbers || Weekend 12.17.23

The final stretch of 2023! Taking a look at Eckington's data this week, the number of active listings dropped from 31 to 25, and there have been a total of 6 closings in the last 30 days. The average days on the market droped to 25. There are no open houses set for this weekend. Not unusual for this time of year.

The big news this week is the rates. They continue to drop. As of Friday, the average 30-year rate hit 6.64%, down from an October 18th high of 8.01%. If it weren't for the weeks before the holidays, this would drive a lot of folks out. I will be interested to see where rates land after the new year and if the downward trend will continue.

If anyone has more detailed quetions about the market that we do not cover in the weekly email, please always feel free to reach out. Both Alex and I are happy to chat.