Medway, MA 2nd Quarter 2017 Real Estate Activity Report

During the 2nd quarter of 2017, real estate activity in Medway saw decreases in both total sales volume and average sales price.

 

There was a 15% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Medway during the 2nd quarter 2017. 670 land documents were recorded versus 784 during the second quarter 2016.  

 

The total volume of real estate sales in Medway during the 2nd quarter 2017 was $27,764,921, a 19% decrease from the same time period in 2016. Also, the average sale price of homes and commercial property decreased 5% in Medway. The average sale price was $427,152. 

 

The number of mortgages recorded (161) on Medway properties during the 2nd quarter 2017 was down 14% from the previous year. Total mortgage indebtedness also decreased 28% to $38,073,618 during the same period.

 

There was 1 foreclosure deed filed against a Medway property during 2nd quarter 2017 compared to 2 filings during the 2nd quarter 2016. 

 

Finally, homestead activity decreased 9% in Medway during the 2nd quarter 2017 with 75 homesteads filed compared to 82 during the same time period 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.