Milton, MA 1st Quarter 2018 Real Estate Activity Report

During the 1st quarter of 2018, real estate activity in Milton saw a decrease in total sales volume but an increase in average sales price.

 

There was an 8% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Milton during the 1st quarter 2018. 1,090 land documents were recorded versus 1,186 during the first quarter 2017.  

 

The total volume of real estate sales in Milton during the 1st quarter 2018 was $52,340,582, a 7% decrease from the same time period in 2017. However, the average sale price of homes and commercial property increased 17% in Milton. The average sale price was $805,239. 

 

The number of mortgages recorded (240) on Milton properties during the 1st quarter 2018 was down 9% from the previous year. However, total mortgage indebtedness increased 1% to $98,068,831 during the same period.

 

There were 2 foreclosure deeds filed against Milton properties during the 1st quarter 2018 compared to 1 filing during the 1st quarter 2017. 

 

Finally, homestead activity decreased 15% in Milton during the 1st quarter 2018 with 92 homesteads filed compared to 108 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.