During the 2nd quarter of 2019, real estate activity in Needham saw a decrease in total sales volume but an increase in average sales price.
There was a 4% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Needham during the 2nd quarter 2019. 1,612 land documents were recorded versus 1,672 during the second quarter 2018.
The total volume of real estate sales in Needham during the 2nd quarter 2019 was $174,736,076, a 12% decrease from the same time period in 2018. However, the average sale price of homes and commercial property increased 2% in Needham. The average sale price was $1,149,579.
The number of mortgages recorded (395) on Needham properties during the 2nd quarter 2019 was up 3% from the previous year. However, total mortgage indebtedness decreased 20% to $292,573,225 during the same period.
There were 0 foreclosure deeds filed against Needham properties during the 2nd quarter 2019, the same number filed during the 2nd quarter 2018.
Finally, homestead activity decreased 7% in Needham during the 2nd quarter 2019 with 162 homesteads filed compared to 174 during the same time period in 2018.