Plymouth and Norfolk County Real Estate Market Activity Rises

Real Estate Trends
Plymouth County Registry of Deeds: May 2016 Real Estate Activity

By Hingham Real Estate Agent Alice Pierce

Hingham Real Estate Market Still on the Rise

Plymouth County and Norfolk County real estate activity continues to gain momentum leading into the month of June.

The Plymouth County Registry of Deeds reports that home sales continued to rise for the month of May 2016.  There were 112 more home sales for the month of May 2016, compared to May of 2015. This means that the registry has recorded more real estate sales every month in 2016 when compared to the same months in 2015.

So far in 2016, there have been 3,666 real estate sales when compared to the 2,866 sales recorded by this time last year. “This represents a continued increase in real estate activity and calculates out to a healthy 28% increase in sales in Plymouth County,” noted Register Buckley.

The combined value of this year’s sales reached $1,297,109,948 by the end of May 2016, as compared to $986,276,592 by the end of the same period in 2015.

The pace of real estate sales is all the more notable when considering the available homes for sale. Overall, the inventory in the Commonwealth of Massachusetts continues a long decline with the month of May, 2016, being the 51st month in a row where the number of homes on the market has declined.

Mortgage volume continues to be stable and foreclosure sales continue to show higher numbers than the same time last year.

Please note that the Plymouth County Registry of Deeds will be displaying the original Plymouth Colony record of the 1690 murder conviction of “John Delaforest, a Frenchman,” convicted of murder, on Thursday, June 30th, from 9:00 am to 3:00 pm in the reading room.

For more information call 508-830-9290 or visit the Plymouth County Registry of Deeds website.

Norfolk County also experienced a robust real estate sales month in May of 2016. 1,554 property transactions, were recorded in at the Norfolk County Registry of Deeds. This is a 7% increase from the previous May. Dollar volumes also increased to a whopping 13% over the same time last year.

Register of Deeds William P. O’Donnell stated, “These are encouraging numbers and point to continued momentum in the real estate market. The strong eastern Massachusetts economy is clearly the driving force behind these results.”

For more information please visit the Norfolk County Registry of Deeds website.

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