During 2019, real estate activity in Millis saw decreases in both total sales volume and average sales price.
There was a 12% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Millis during 2019. 1,944 land documents were recorded versus 1,735 during 2018.
The total volume of real estate sales in Millis during 2019 was $86,979,929, a 7% decrease from 2018. Also, the average sale price of homes and commercial property in Millis was $480,552, a 17% decrease year over year.
The number of mortgages recorded (433) on Millis properties during 2019 was up 33% from the previous year. Also, total mortgage indebtedness increased 196% to $281,250,756 during the same period. This figure was impacted by a $125.4 million mortgage recorded against a Millis property on 11/29/19.
There were 3 foreclosure deeds filed against Millis properties during 2019, compared to 7 foreclosure deeds filed during 2018.
Finally, homestead activity increased 11% in Millis during 2019 with 184 homesteads filed compared to 166 during 2018.