Medway, MA 2nd Quarter 2019 Real Estate Activity Report

During the 2nd quarter of 2019, real estate activity in Medway saw increases in both total sales volume and average sales price.

 

There was a 7% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Medway during the 2nd quarter 2019. 787 land documents were recorded versus 736 during the second quarter 2018.  

 

The total volume of real estate sales in Medway during the 2nd quarter 2019 was $42,925,379, a 65% increase from the same time period in 2018. Also, the average sale price of homes and commercial property increased 13% in Medway. The average sale price was $487,788. 

 

The number of mortgages recorded (171) on Medway properties during the 2nd quarter 2019 was up 16% from the 2nd quarter 2018. Also, total mortgage indebtedness increased 35% to $50,919,870.  

 

There was 1 foreclosure deed filed against a Medway property during the 2nd quarter 2019 compared to 0 foreclosure deeds filed during the 2nd quarter 2018. 

 

Finally, homestead activity increased 22% in Medway during the 2nd quarter 2019 with 89 homesteads filed compared to 73 recorded during the same time period in 2018.

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.