Norwood, MA 1st Quarter 2019 Real Estate Activity Report

During the 1st quarter of 2019, real estate activity in Norwood saw a decrease in total sales volume but an increase in average sales price.

 

There was a 13% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Norwood during the 1st quarter 2019. 925 land documents were recorded versus 1,062 during the first quarter 2018.  

 

The total volume of real estate sales in Norwood during the 1st quarter 2019 was $110,524,163, a 9% decrease from the same time period in 2018. However, the average sale price of homes and commercial property increased 7% in Norwood. The average sale price was $1,625,355.  

 

The number of mortgages recorded (179) on Norwood properties during the 1st quarter 2019 was down 12% from the previous year. However, total mortgage indebtedness increased 15% to $218,383,996. 

 

There were 2 foreclosure deeds filed against Norwood properties during the 1st quarter 2019 compared to 4 foreclosure deeds filed during the 1st quarter 2018.  

 

Finally, homestead activity decreased 32% in Norwood during the 1st quarter 2019 with 73 homesteads filed compared to 107 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.