Eckington By The Numbers || Weekend 03.04.2023

Hi Eckington Neighbors!

What a beautiful Sunday morning in our neighborhood and a perfect day to pop in some open houses! Even if you're just a neighbor and not buying, it is always okay to just look. 

Please see the summary real estate numbers below, the link to download the printable PDF of the Eckington Sales Tracker & Open House Guide and a link to see all Active listings. 

A few notes about the numbers. This week in Eckington the active listings are up from 29 to 35 with 7 closings taking place in the 30 days. Last week we had 3 open houses scheduled in the neighborhood, this week we have 15. That is the start of some spring market activity.  Nationally, closed sales are down 37% year over year, but week over week they were up 26.7%. Buyers are out looking and listings are moving off market if priced right, however everyone is moving at a slower pace. In total it feels a bit more of a balanced market than what we experienced the last few years. That means if you sell your home now, you're likely to get a fair price, but also you're able to go find a home for a fair price. The issue we ran into the last few years was that folks didn't want to sell, only to find they couldn't find a home to buy without outbidding 10 other offers while paying a premium. 

30-year fixed rates rose for the third week in a row, from 6.32% to 6.5%. ​

- DOWNLOAD - \\ ECKINGTON SALES TRACKER & OPEN HOUSE GUIDE //  https://eckingtonproperties.com/TRACKER

- ACTIVE LISTING LINK - \\ TO ALL ACTIVE LISTED PROPERTIES IN ECKINGTON // https://EckingtonProperties.com/LiveLinkAllActive

 - SUBSCRIBE - \\ TO HAVE TRACKER EMAILED TO YOU WEEKLY //https://EckingtonProperties.com/SUBSCRIBE 

*Bright MLS has the borders incorrect. It incorrectly includes a section south of Florida in the MLS. Alex and I are working to try to get this resolved. It's only an issue for the live link not in our data tracking.

Thank you,
John