Medway, MA 2nd Quarter 2021 Real Estate Activity Report

During the 2nd quarter of 2021, real estate activity in Medway saw decreases in total sales volume and average sales price. 

 

There was a 25% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Medway during the 2nd quarter 2021. 1,067 land documents were recorded versus 857 during the 2nd quarter 2020.   

 

The total volume of real estate sales in Medway during the 2nd quarter 2021 was $37,689,909, a 17% decrease from the same time period in 2020. Also, the average sale price of homes and commercial property decreased 31% in Medway. The average sale price was $554,263.  

 

The number of mortgages recorded (280) on Medway properties during the 2nd quarter 2021 was up 7% from the previous year. Total mortgage indebtedness was $85,425,113, up 14% from the 2nd quarter 2020.   

 

There were 1 foreclosure deeds filed against Medway properties during the 2nd quarter 2021 compared to 0 foreclosure deed filed during the 2nd quarter 2020. 

 

Finally, homestead activity in Medway increased 20% during the 2nd quarter 2021 with 77 homesteads filed, compared to 64 filed during the same time period in 2020.

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.