Norwood, MA 2nd Quarter 2016 Real Estate Activity Report

During the 2nd quarter of 2016, real estate activity in Norwood saw increases in both total sales volume and average sales price.

 

There was a 3% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Norwood during the 2nd quarter 2016. 1,348 land documents were recorded versus 1,385 during the second quarter 2015.  

 

The total volume of real estate sales in Norwood during the 2nd quarter 2016 was $100,633,432, a 48% increase from the same time period in 2015. Also, the average sale price of homes and commercial property increased 16% in Norwood. The average sale price was $780,104. 

 

The number of mortgages recorded (298) on Norwood properties during the 2nd quarter 2016 showed no percentage increase from the previous year. However, total mortgage indebtedness decreased 18% to $127,487,525 during the same period. 

 

There were 3 foreclosure deeds filed against Norwood properties during 2nd quarter 2016, compared to 1 foreclosure deed filing during the 2nd quarter 2015. 

 

Finally, homestead activity decreased 7% in Norwood during the 2nd quarter 2016 with 129 homesteads filed compared to 139 during the same time period 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.