Eckington By The Numbers || Weekend 03.17.2024

Happy Sunday!

As we delve into this week's activity in Eckington, we've noted a slight increase in active listings, rising from 25 to 30, accompanied by a total of 7 closings in the last 30 days. From 1/1/23 to 3/17/23, 22 homes had closed in Eckington, while in the same period this year, we've closed 15 homes in Eckington. This beginning feels reminiscent of 2023 in DC to me. Homes that are priced appropriately and offer good quality are swiftly moving to closing. Despite a somewhat sluggish condo market, well-positioned units eventually find buyers. A good success story on pricing: 134 R Street NE sold in just 4 days on the market. If you look at the home's pricing compared to similar size homes, it was priced perfectly to attract immediate offers. In a market with some headwinds, that's how to move a property quickly.

At bit about rates. As of Friday, March 15 2024, the current average interest rate for a 30-year fixed mortgage is 7.09%. *We source this data from Mortgage News Daily. 

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