Norwood, MA 2018 Real Estate Activity Report

During 2018, real estate activity in Norwood saw increases in both total sales volume and average sales price.

 

There was a 4% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Norwood in 2018. 4,548 land documents were recorded versus 4,731 in 2017. 

 

The total volume of real estate sales in Norwood during 2018 was $654,170,229, a 28% increase from 2017. The average sales price of homes and commercial property was up 16% in Norwood. The average sale price was $1,539,224.

 

The number of mortgages recorded (894) on Norwood properties in 2018 was down 8% from the previous year. Total mortgage indebtedness decreased by 34% to $520,030,337 during the same period.

 

There were 9 foreclosure deeds filed against Norwood properties during 2018, representing a 29% increase from the previous year when there were 7 foreclosure deeds recorded. 

 

Finally, homestead activity increased 8% in Norwood during 2018 with 486 homesteads filed compared to 448 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.