Medway, MA 2nd Quarter 2018 Real Estate Activity Report

During the 2nd quarter of 2018, real estate activity in Medway saw a decrease in total sales volume but a small increase in average sales price.

 

There was a 9% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Medway during the 2nd quarter 2018. 734 land documents were recorded versus 671 during the second quarter 2017.  

 

The total volume of real estate sales in Medway during the 2nd quarter 2018 was $25,948,099, a 7% decrease from the same time period in 2017. However, the average sale price of homes and commercial property increased 1% in Medway. The average sale price was $432,468. 

 

The number of mortgages recorded (147) on Medway properties during the 2nd quarter 2018 was down 9% from the 2nd quarter 2017. Also, total mortgage indebtedness decreased 1% to $37,615,978 during the same period.

 

There were 0 foreclosure deeds filed against Medway properties during the 2nd quarter 2018 compared to 0 foreclosure deeds filed during the 2nd quarter 2017. 

 

Finally, homestead activity decreased 3% in Medway during the 2nd quarter 2018 with 73 homesteads filed compared to 75 during the same time period 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.