Medway, MA 2018 Real Estate Activity Report

During 2018, real estate activity in Medway saw increases in both total sales volume and average sales price.

 

There was a 4% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Medway in 2018. 2,646 land documents were recorded versus 2,748 in 2017. 

 

The total volume of real estate sales in Medway during 2018 was $108,825,016, a 5% increase from 2017. Also, the average sales price of homes and commercial property was up 7% in Medway. The average sale price was $469,073.

 

The number of mortgages recorded (492) on Medway properties in 2018 was down 14% from the previous year. Total mortgage indebtedness decreased 8% to $140,735,396 during the same period.

 

There were 6 foreclosure deeds filed against Medway properties during 2018, representing a 100% increase from the previous year when there were 3 foreclosure deeds filed.

 

Finally, homestead activity decreased 9% in Medway during 2018 with 252 homesteads filed compared to 278 in 2017.

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.