Eckington By The Numbers || Weekend 05.21.23

Hello Eckington Neighbors!

Summer is here! Who has Memorial Day weekend plans at the beaches? 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.

This week in Eckington the active listings went from 28 to 24 with 15 closings taking place in the last 30 days.

Alex and I often get the question about when the right time is to list your home. The real estate market in D.C. follows a seasonal trend, with certain periods attracting more buyers. According to the data, spring and fall are the sweet spots. These seasons have better weather, cooler temperatures, and an inviting vibe that gets people out and about, looking for homes. However, it's worth noting that most other times of the year can also be successful for listing your home. There are specific dates I would suggest avoiding, and Memorial Day happens to be one of them. Memorial Day weekend is when a lot of people kick start their summer vacation, and Washington, D.C. tends to empty out. Timing plays a crucial role in real estate, so make sure to aim for the right dates to increase foot traffic and attract potential buyers.

As of Friday, May 12, 2023, the current average interest rate for a 30-year fixed mortgage is 6.90%

*We source this data from Mortgage News Daily. 

- DOWNLOAD - \\ ECKINGTON SALES TRACKER & OPEN HOUSE GUIDE //  https://Eckington(roperties.com/TRACKER

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

*Bright MLS has the borders incorrect. It incorrectly includes a section south of Florida in the MLS.

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

Thank you,
John