During 2019, real estate activity in Dedham saw decreases in both total sales volume and average sales price.
There was an 11% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Dedham during 2019. 5,228 land documents were recorded compared to 4,694 filed during 2018.
The total volume of real estate sales recorded in Dedham during 2019 was $266,085,228, a 26% decrease from 2018. Also, the average sale price of homes and commercial property decreased 24% in Dedham. The average sale price was $621,694.
The number of mortgages recorded (1,219) on Dedham properties during 2019 was up 27% from the previous year. Also, total mortgage indebtedness increased 52% to $633,402,759 during the same time period.
There were 9 foreclosure deeds filed against Dedham properties during 2019, compared to 8 foreclosure deeds filed during 2018.
Finally, homestead activity increased 8% in Dedham during 2019 with 502 homesteads filed compared to 465 during 2018.