During 2018, real estate activity in Needham saw increases in both total sales volume and average sales price.
There was a 5% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Needham in 2018. 5,803 land documents were recorded versus 6,114 in 2017.
The total volume of real estate sales in Needham during 2018 was $713,818,516, a 17% increase from 2017. The average sales price of homes and commercial property was also up 17% in Needham. The average sale price was $1,346,827.
The number of mortgages recorded (1,225) on Needham properties in 2018 was down 9% from the previous year. However, total mortgage indebtedness increased 15% to $911,702,687 during the same period.
There were 0 foreclosure deeds filed against Needham properties during 2018, compared to 1 foreclosure deed filed in 2017.
Finally, homestead activity decreased 5% in Needham during 2018 with 565 homesteads filed compared to 597 in 2017.