Eckington By The Numbers || Weekend 06.24.23

Happy Fathers Day Eckington Neighbors!

It is so pretty outside right now, I hope you all get to enjoy the day. 

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 29 to 30 with 11 closings taking place in the last 30 days.

Long and Foster has a listing at 123 Rhode Island NE and I will be holding it open from 2 - 4pm today. The home is a center row, 3 bed, 2.5 bath with a finished basement and very deep yard. Please stop in and say hello! I like this house because the renovation has been very respectful of the original house and thus it has a nice feel to it.  See more 123 Rhode Island Ave NE

As of Friday, June 16, 2023, the current average interest rate for a 30-year fixed mortgage is 6.95%*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

This week in Eckington the active listings stayed at 30 with 8 closings taking place in the last 30 days.

We have an update on the real estate market in Washington, DC. The data for May is now available, comparing May 2022 to May 2023. In May 2022, there were 1,420 homes listed for sale in DC. Out of those homes, 948 were sold, and it took an average of 23 days for a home to sell. Moving on to May 2023, there were 1,128 homes listed for sale, and 761 of them were sold. The average time it took for a home to sell increased to 30 days.

This information shows that in May 2023, the absorption rate (the rate at which homes are sold) was 67%, compared to 66% in May 2022. Despite the overall decrease in the number of homes sold, properties in Washington DC were still selling at a similar rate this spring. This is good news for sellers, even with the higher interest rates.

*Please note that all the information provided was sourced from Bight MLS

As of Friday, June 23, 2023, the current average interest rate for a 30-year fixed mortgage is 6.92%

*We source this data from Mortgage News Daily.