During 2019, real estate activity in Norwood saw no statistical change in total sales volume but a decrease in average sales price.
There was a 14% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Norwood during 2019. 5,175 land documents were recorded versus 4,549 during 2018.
The total volume of real estate sales in Norwood during 2019 was $652,705,572, no statisical change from 2018. However, the average sale price of homes and commercial property decreased 3% in Norwood. The average sale price was $1,486,800.
The number of mortgages recorded (1,149) on Norwood properties during 2019 was up 29% from the previous year. Also, total mortgage indebtedness increased 59% to $825,796,189.
There were 3 foreclosure deeds filed against Norwood properties during 2019, compared to 9 filed in 2018.
Finally, homestead activity increased 3% in Norwood during 2019 with 499 homesteads filed compared to 486 during 2018.