Eckington By The Numbers || Weekend 07.08.23

Happy Monday Eckington folks,

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.

We have now entered the peak of summer, commonly referred to as the "dog days," and its impact is evident in the real estate market. As an illustration, there were no open houses held in Eckington over the past weekend, as individuals are currently making their way to local beaches or embarking on long-awaited vacations. In terms of recent activity in Eckington, the number of active listings has remained steady at 31, while a total of 11 closings occurred within the last 30 days.

In other news, the economy continues to thrive, resulting in escalating interest rates until a slowing point is reached, which will subsequently lead to a decline in inflation. As of Monday, July 10, 2023, the current average interest rate for a 30-year fixed mortgage is 7.14% *We source this data from Mortgage News Daily.

Thank you,

John