Eckington By The Numbers || Weekend 02.10.2024

Happy Super Bowl Sunday!

As we delve into this week's activity in Eckington, we've noticed a slight increase in active listings from 21 to 22, coupled with a total of 4 closings in the last 30 days. While it may feel premature, experience tells us that the week following Super Bowl Sunday often signals the beginning of the spring real estate market for us in the DMV.

Why is that, you might wonder? Well, it's simple. Many prospective sellers prefer not to enter the market on game day or even over the weekend, opting to hold off until afterwards. Plus, after the holiday season, we're all slowly emerging from our festive stupor. Now is the time when homeowners begin to focus on preparing their properties for sale, initiating conversations with their agents, and tackling necessary tasks.

Currently, we're actively assisting 4 clients in preparing their homes for listing, coordinating interior paint, and minor repairs. These things take time. It's worth contemplating – by March, thoughts will turn to spring yard clean-ups, and before we know it, we'll be enjoying the first hints of shorts weather.

Remember, it's never too early to kickstart the process. The sooner you dive in, the less stress it creates, and the better your home will present to the market. This leaves you plenty of time to nail it on marketing, including video, floor plans, and picking the perfect listing launch date. That should translate into a higher sales price for you.

At bit about rates. As of Friday, February 9, 2024, the current average interest rate for a 30-year fixed mortgage is 6.98%. *We source this data from Mortgage News Daily. 

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