During 2019, real estate activity in Needham 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 Needham during 2019. 6,477 land documents were recorded versus 5,803 during 2018.
The total volume of real estate sales in Needham during 2019 was $608,566,996, a 15% decrease from 2018. Also, the average sale price of homes and commercial property decreased 13% in Needham. The average sale price was $1,165,837.
The number of mortgages recorded (1,563) on Needham properties during 2019 was up 28% from the previous year. Also, total mortgage indebtedness increased 39% to $1,271,347,188 during the same period.
There were 0 foreclosure deeds filed against Needham properties during 2019, the same number filed in 2018.
Finally, homestead activity increased 3% in Needham during 2019 with 584 homesteads filed compared to 565 during 2018.