Norfolk County Register of Deeds William P. O’Donnell reported that Norfolk County recordings for the month of May 2025 indicate an increase in overall real estate activity, with increases in property sales and mortgage activity as compared to May 2024.
The Norfolk County Registry of Deeds recorded a total of 9,628 documents in May 2025. This represents a 4% increase from May 2024 and an 11% increase compared to April 2025.
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| Norfolk County Real Estate Sees Growth in May 2025 |
The total number of deeds recorded for May 2025, which reflects both commercial and residential real estate sales and transfers, was 1,494, slightly down 1% from May 2024 but up 13% from April 2025. Looking at commercial and residential real estate sale prices, the average sale price in Norfolk County for May 2025 was up 11% from May of 2024.
“Despite some broader economic concerns, the total number of commercial and residential property sales in May 2025 showed a vibrancy,” stated Register O’Donnell. “There is still an inventory issue on the residential side that is having an effect.”
The average sale price for commercial and residential properties in May 2025 rose to $1,386,599, an 11% increase compared to May 2024 and nearly the same as the average sale price from April 2025. Additionally, the total dollar volume of commercial and residential sales is up, increasing 18% from last year and up 33% from last month.
“Norfolk County continues to be a sought-after location to both live and work, thanks to its vibrant communities and the dedicated efforts of municipal staff and leaders,” remarked Register O'Donnell. “However, a limited supply of available properties on the market means that any increase in demand will inevitably push property prices higher. This creates significant hurdles for all homebuyers, particularly those looking to purchase their first home.”
For the month of May, lending activity showed an increase compared to the same month a year ago. A total of 1,542 mortgages were recorded in May 2025, up 11% from May 2024 and 7% more than last month. According to the Federal Home Loan Mortgage Corporation, the average mortgage interest rate for a 30-year fixed-rate mortgage in May 2025 was between 6.76% and 6.89%, a decrease compared to May of 2024, when interest rates were between 6.94% and 7.22%.
“The rise in mortgage recordings, coupled with a slight easing of interest rates compared to last year, indicates a renewed confidence among buyers in securing financing,” commented Register O’Donnell. “This positive trend in lending activity is a key aspect of the overall health of our local real estate market.”
The Norfolk County Registry of Deeds has been closely monitoring the foreclosure market. In May 2025, there were 2 foreclosure deeds recorded as a result of mortgage foreclosures taking place in Norfolk County, whereas in May 2024, there were 3. Additionally, in May 2025, there were 26 notices to foreclose, the first step in the foreclosure process, less than the 32 recorded in May 2024.
“There is no question that this reduction in the number of foreclosures and notices to foreclose is good news. With that said, we cannot forget that foreclosure activity has a human face associated with it, and there are still a number of our neighbors who have lost their homes, and even more are dangerously close to losing their homes,” said Register O'Donnell. “I would urge anyone struggling to pay their mortgage or who knows someone who is struggling to contact one of the non-profit organizations listed on our website, www.norfolkdeeds.org.”
For the past several years, the Norfolk County Registry of Deeds has partnered with Quincy Community Action Programs (617-479-8181 x376) and NeighborWorks Housing Solutions (508-587-0950) to help anyone facing challenges paying their mortgage. Another option for homeowners is to contact the Massachusetts Attorney General’s Consumer Advocacy and Response Division (CARD) at 617-727-8400.
Register O’Donnell concluded, “The May 2025 real estate data for Norfolk County shows a competitive real estate market driven by strong demand and increasing lending activity. While this growth highlights the desirability of our communities, it also underscores the challenges of limited inventory and rising prices. As we move into the summer months, we remain hopeful for continued growth and look forward to seeing how the market develops.”
To learn more about these and other Registry of Deeds events and initiatives, “like” us on Facebook at facebook.com/norfolkdeeds. Follow us on Twitter and Instagram at @norfolkdeeds.
The Norfolk County Registry of Deeds, located at 649 High St., Dedham, is the principal office for real property in Norfolk County. The Registry is a resource for homeowners, title examiners, mortgage lenders, municipalities, and others with a need for secure, accurate, and accessible land record information. All land record research information can be found on the Registry's website, www.norfolkdeeds.org. Residents in need of assistance can contact the Registry of Deeds Customer Service Center at (781) 461-6101 or email us at registerodonnell@norfolkdeeds.org.
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