Needham, MA 2016 Real Estate Activity Report

During 2016, real estate activity in Needham 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 Needham in 2016. 7,663 land documents were recorded versus 7,310 in 2015. 

 

The total volume of real estate sales in Needham during 2016 was $612,189,978, an 18% decrease from 2015. The average sales price of homes and commercial property was also down 12% in Needham. The average sale price was $1,123,284.

 

The number of mortgages recorded (1,977) on Needham properties in 2016 was up 12% from the previous year. Total mortgage indebtedness increased 32% to $1,296,722,725 during the same period.

 

There were 3 foreclosure deeds filed against Needham properties during 2016, a 200% increase from the previous year when there was 1 foreclosure deed filed.  

 

Finally, homestead activity decreased 9% in Needham during 2016 with 624 homesteads filed compared to 683 in 2015.

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.