Medway, MA 2017 Real Estate Activity Report

During 2017, real estate activity in Medway saw a decrease in total sales volume but an increase in average sales price.

 

There was an 11% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Medway in 2017. 2,748 land documents were recorded versus 3,100 in 2016. 

 

The total volume of real estate sales in Medway during 2017 was $103,855,809, a 6% decrease from 2016. However, the average sales price of homes and commercial property was up 4% in Medway. The average sale price was $440,066.

 

The number of mortgages recorded (569) on Medway properties in 2017 was down 21% from the previous year. Total mortgage indebtedness decreased 22% to $152,170,081 during the same period.

 

There were 3 foreclosure deeds filed against Medway properties during 2017, representing a 25% decrease from the previous year when there were 4 foreclosure deeds filed.

 

Finally, homestead activity decreased 12% in Medway during 2017 with 278 homesteads filed compared to 315 in 2016.

The Norfolk County Registry of Deeds will be closed on Thursday, July 4th in celebration of Independence Day. We are open Friday, July 5th.

The Norfolk County Registry of Deeds is closed Today, July 4th in celebration of Independence Day. We are open Friday, July 5th.