Norwood, MA 2017 Real Estate Activity Report

During 2017, real estate activity in Norwood saw increases in both total sales volume and average sales price.

 

There was an 11% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Norwood in 2017. 4,731 land documents were recorded versus 5,298 in 2016. 

 

The total volume of real estate sales in Norwood during 2017 was $511,638,770, a 54% increase from 2016. The average sales price of homes and commercial property was up 69% in Norwood. The average sale price was $1,322,064.

 

The number of mortgages recorded (974) on Norwood properties in 2017 was down 18% from the previous year. Total mortgage indebtedness decreased by 52% to $793,539,762 during the same period.

 

There were 7 foreclosure deeds filed against Norwood properties during 2017, representing a 13% decrease from the previous year when there were 8 foreclosure deeds recorded. 

 

Finally, homestead activity decreased 3% in Norwood during 2017 with 448 homesteads filed compared to 463 in 2016.

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.