Norwood, MA 2016 Real Estate Activity Report

During 2016, real estate activity in Norwood saw increases in both total sales volume and average sales price.

 

There was a 4% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Norwood in 2016. 5,306 land documents were recorded versus 5,086 in 2015. 

 

The total volume of real estate sales in Norwood during 2016 was $331,894,326, a 14% increase from 2015. The average sales price of homes and commercial property was up 1% in Norwood. The average sale price was $780,927.

 

The number of mortgages recorded (1,189) on Norwood properties in 2016 was up 3% from the previous year. Total mortgage indebtedness increased by 188% to $1,669,347,853 during the same period.

 

There were 8 foreclosure deeds filed against Norwood properties during 2016, representing a 300% increase from the previous year when there were 2 foreclosure deeds recorded. 

 

Finally, homestead activity increased 3% in Norwood during 2016 with 463 homesteads filed compared to 451 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.