Medway, MA 3rd Quarter 2019 Real Estate Activity Report

During the 3rd quarter of 2019, real estate activity in Medway saw decreases in both total sales volume and average sales price.

 

There was a 5% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Medway during the 3rd quarter 2019.758 land documents were recorded versus 724 during the third quarter 2018.  

 

The total volume of real estate sales in Medway during the 3rd quarter 2019 was $23,527,850, a 27% decrease from the same time period in 2018. Also, the average sale price of homes and commercial property decreased 5% in Medway. The average sale price was $412,769. 

 

The number of mortgages recorded (189) on Medway properties during the 3rd quarter 2019 was up 52% from the 3rd quarter 2018. Also, total mortgage indebtedness increased 81% to $61,825,893.  

 

There were 0 foreclosure deeds filed against Medway properties during the 3rd quarter 2019 compared to 3 foreclosure deeds filed during the 3rd quarter 2018. 

 

Finally, homestead activity decreased 12% in Medway during the 3rd quarter 2019 with 67 homesteads filed compared to 76 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.