Norwood, MA 3rd Quarter 2017 Real Estate Activity Report

During the 3rd quarter of 2017, real estate activity in Norwood saw a decrease in total sales volume but an increase in average sales price.

 

There was a 15% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Norwood during the 3rd quarter 2017. 1,181 land documents were recorded versus 1,388 during the third quarter 2016.  

 

The total volume of real estate sales in Norwood during the 3rd quarter 2017 was $46,622,9802, an 8% decrease from the same time period in 2016. However, the average sale price of homes and commercial property increased 3% in Norwood. The average sale price was $501,320. 

 

The number of mortgages recorded (241) on Norwood properties during the 3rd quarter 2017 was down 24% from the previous year. Also, total mortgage indebtedness decreased 32% to $82,592,426. 

 

There were 3 foreclosure deeds filed against Norwood properties during the 3rd quarter 2017, the same number filed during the 3rd quarter 2016. 

 

Finally, homestead activity decreased 13% in Norwood during the 3rd quarter 2017 with 108 homesteads filed compared to 124 during the same time period 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.