Register O'Donnell Delivers 2025 First Quarter Real Estate Activity Report

Norfolk County Register of Deeds William P. O'Donnell reported that Norfolk County real estate recordings for the first quarter of 2025 (January–March 2025) indicate an increase in overall real estate activity, with increases in both the total number of deeds and mortgages recorded as compared to the first quarter of 2024.

The Norfolk County Registry of Deeds recorded 22,752 documents during the first quarter of 2025, representing a 4% increase compared to the same period in 2024.

"Interest rates, inflation, and employment levels remain significant factors in determining real estate activity in Norfolk County and beyond," stated Norfolk County Register of Deeds William P. O'Donnell. "This quarter's increase in document recordings reflects consistent activity in property sales, transfers, and lending. However, the overall market continues to be shaped by various economic conditions influencing buyers and sellers alike."

Register O'Donnell Delivers 2025 First Quarter Real Estate Activity Report

The number of deeds for the first quarter of 2025, which reflect both commercial and residential real estate sales and transfers, was 3,409, up from 3,262 deeds in the same period of 2024, marking a 5% increase.

"This rise in deed recordings reflects a healthy level of activity in the real estate market, indicating continued interest and transactions despite economic pressures," stated Register O'Donnell.

The total volume of commercial and residential sales for the first quarter of 2025 reached $1,663,020,938, a 9% increase compared to the first quarter of 2024. The average sale price for commercial and residential properties climbed to $1,146,911, reflecting a 12% increase from the same time period in 2024.

"I can understand the frustration some homebuyers may be feeling because right now it is a more complicated process for individuals, especially first-time homebuyers, looking to purchase a home," said Register O'Donnell. "It is more expensive for homebuyers because prices are still high relative to past home values, and to add to this difficulty, there may be multiple people competing for the same property as well as increased costs due to higher interest rates on monies borrowed."

Overall lending activity was up in the first quarter. The total number of mortgages recorded was 3,279, marking an 11% increase compared to the same period last year. However, total mortgage indebtedness declined significantly, falling 41% to $3,082,620,534.

"The increase in mortgage recordings is likely due to first-time homebuyers securing loans to step into homeownership and existing homeowners refinancing to take advantage of more favorable mortgage rates," noted Register O'Donnell.

The foreclosure market in Norfolk County saw notable improvements during the first quarter of 2025. There were 18 foreclosure deeds recorded as a result of mortgage foreclosures taking place in Norfolk County, a 38% decrease from the first quarter of 2024. Notices to foreclose also declined by 23%, with 69 notices recorded compared to 90 during the same time period last year.

"The reduction in foreclosure activity is an encouraging sign. 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.

"Norfolk County remains a highly desirable location for both residential and commercial real estate," noted Register O'Donnell. "However, affordability challenges and limited inventory continue to create hurdles for prospective buyers. As we move into the spring homebuying season, we hope to see a continued increase in activity that reflects the strength and resilience of our local communities."

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.

Norfolk County Real Estate Activity Shows Mixed Results in March 2025

Norfolk County Register of Deeds William P. O’Donnell reported that Norfolk County recordings for the month of March 2025 indicate a decrease in overall real estate compared to last year, but an increase compared to February 2025.

The Registry of Deeds recorded 7,550 documents in March 2025, a slight decrease of 1% from March 2024, but a 10% increase compared to February 2025.

Mixed Results in March 2025

“Lending activity and property sales and transfers represent a majority of the documents recorded at the Registry of Deeds, and March 2025 showed a slight decrease in both categories compared to last year,” noted Norfolk County Register of Deeds William P. O’Donnell. “The slight decrease in real estate activity may be an indication of various economic factors affecting the country as a whole, which are now impacting the local real estate market. However, it is still early in the homebuying season, and this decrease may be a result of potential buyers waiting for more favorable economic conditions.”

The total number of deeds recorded for March 2025, reflecting both commercial and residential real estate sales and transfers, was 1,132, down 4% from March 2024, but up 9% from February 2025.

“This March was a slower start to the homebuying season than previous years, but we are hopeful that activity will pick up as we move further into the season,” stated Register O’Donnell. “Interest rates, inflation, and employment levels are key factors that influence the real estate market. While interest rates have decreased, encouraging buying, inflation still reduces consumer purchasing power. Employment levels and consumer confidence also play significant roles.”

In March, lending activity showed a slight decrease compared to the same month a year ago. A total of 1,065 mortgages were recorded in March 2025, down 2% from March 2024, but up 8% from February 2025. According to The Federal Home Loan Mortgage Corporation, average mortgage interest rates in March 2025 were between 6.63% and 6.67% compared to March 2024 when interest rates were between 6.74% and 6.88%.

“The mortgage activity in March 2025 may be being impacted by broader economic challenges,” stated Register O’Donnell. “The slight decrease compared to last year suggests that potential buyers may be hesitant due to factors such as affordability issues and economic uncertainty. Even with relatively stable interest rates, inflation and employment concerns can make it difficult for individuals to commit to long-term financial obligations like mortgages. As we move forward, it will be important to watch how changes in the economy and interest rates affect both the lending market and overall real estate activity in Norfolk County.”

The average sale price of commercial and residential properties for March 2025 was $1,166,825, a 12% increase compared to March 2024, and a 10% increase from February 2025. However, the total dollar volume of commercial and residential sales decreased by 13% from last year, totaling $519,237,415, but increased 15% from February 2025.

“Norfolk County remains a desirable location to both live and work, thanks to the vibrant communities and the dedicated efforts of municipal staff and leaders,” remarked Register O'Donnell. “However, the limited property inventory continues to pose challenges for buyers, particularly those purchasing their first home.”

The Norfolk County Registry of Deeds has been closely monitoring the foreclosure market. In March 2025, there were 7 foreclosure deeds recorded as a result of mortgage foreclosures taking place in Norfolk County, down 42% from the 12 recorded in March 2024. Additionally, there were 29 notices to foreclose, the first step in the foreclosure process, which is a slight increase from the 28 recorded in March 2024.

“Unforeseen events can happen to any of us, and sometimes these events can have severe emotional and financial impacts. I urge anyone struggling to pay their mortgage, or who knows someone in this situation, to reach out to one of the non-profit organizations listed on our website, www.norfolkdeeds.org,” said Register O'Donnell.

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 real estate activity in Norfolk County for March 2025 showed mixed results. While there was a slight decrease in overall recordings compared to March 2024, there was a notable increase from February 2025. Despite challenges like limited property inventory and economic strains, Norfolk County remains a desirable location for both residential and commercial real estate.”

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.

Positive Trends Continue in Norfolk County's Real Estate Market

Norfolk County Register of Deeds William P. O’Donnell reported that Norfolk County recordings for the month of February 2025 indicate an increase in overall real estate activity compared to last year, including increases in both the total number of deeds and mortgages recorded.

The Registry of Deeds recorded 6,870 documents in February 2025. This was 1% more than in February 2024, but a 12% decrease compared to January 2025.

Positive Trends Continue in Norfolk County's Real Estate Market

“Overall, the increase in document recordings compared to the previous year is a positive indicator for the real estate market, highlighting steady growth in both commercial and residential sectors. Despite a slight dip in activity from the previous month, the year-over-year growth suggests a consistent trend for the market,” stated Norfolk County Register of Deeds William P. O’Donnell.

The total number of deeds recorded for February 2025, which reflects both commercial and residential real estate sales and transfers, was 1,035, up 8% from February 2024, but down 10% from January 2025. According to the Federal Reserve Bank, home listings in Norfolk County increased by 15% in February 2025 compared to February 2024.

“Since mid-2024, the real estate market in Norfolk County has experienced a sustained increase in the number of deeds recorded. This upward momentum has continued all the way up to the traditional homebuying season,” noted Register O’Donnell. “We will need to wait and see if this trend persists, especially as we approach the peak months for real estate activity. Factors such as interest rates, economic conditions, and the inventory of available property will play crucial roles in determining whether the market can maintain its current pace.”

In February, lending activity increased compared to the same month a year ago. A total of 983 mortgages were recorded in February 2025, up 7% from February 2024, but down 14% from January 2025. According to The Federal Home Loan Mortgage Corporation, average mortgage interest rate in February 2024 were between 6.63% and 6.94%, while in February 2025, they were between 6.76% and 6.89%.

“The increase in mortgage activity continued in February compared to the same month last year. Mortgage interest rates have remained relatively stable, staying within a narrow range compared to this time last year. Even though rates are higher than in 2021 and 2022, some borrowers still find them attractive,” stated Register O’Donnell. “As we move forward, it will be important to watch how changes in the economy and interest rates affect both the lending market and overall real estate activity in Norfolk County.”

The average sale price of commercial and residential properties for February 2025 rose to $1,061,849, a 7% increase compared to February 2024, but a decrease of 14% from January 2025. The total dollar volume of commercial and residential sales is also up, increasing by 4% from last year but down 30% from the previous month.

“Norfolk County is undeniably a sought-after location for both living and working, thanks to the vibrant communities and the dedicated efforts of municipal staff and leaders,” remarked Register O'Donnell. “However, even as property listings increase, the limited property inventory is still unable to meet the high demand. Many would agree that the market poses challenges for buyers, particularly those purchasing their first home.”

 

The Norfolk County Registry of Deeds has been closely monitoring the foreclosure market. In February 2025, there were seven foreclosure deeds recorded as a result of mortgage foreclosures taking place in Norfolk County, up from the six recorded in February 2024. Additionally, there were 19 notices to foreclose, the first step in the foreclosure process, which is fewer than the 26 recorded in February 2024.

“Unforeseen events can happen to any of us, and sometimes these events can have severe emotional and financial impacts. I urge anyone struggling to pay their mortgage, or who knows someone in this situation, to reach out to one of the non-profit organizations listed on our website, www.norfolkdeeds.org,” said Register O'Donnell

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 real estate market in Norfolk County has shown signs of growth and stability over the past year. February 2025 saw an increase in both the total number of deeds and mortgages recorded compared to February 2024, indicating a healthy demand for property in the area. While there are some challenges with limited property inventory, especially for first-time buyers, Norfolk County continues to be a great place to live and work. As we move into the traditional home buying season, we look forward to continued growth in the months ahead.”

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.

2025 Real Estate Market Off to a Promising Start in Norfolk County

Norfolk County Register of Deeds William P. O’Donnell reported that Norfolk County recordings for the month of January 2025 indicate an increase in overall real estate activity compared to last year, including increases in both the total number of deeds and mortgages recorded.

The Registry of Deeds recorded 7,807 documents in January 2025. This was 4% more than in January 2024, but an 11% decrease compared to December 2024.

2025 Real Estate Market Off to a Promising Start 

“January is typically a slower month for real estate activity compared to December. However, the key statistic to focus on is the year-over-year increase in activity,” stated Norfolk County Register of Deeds William P. O’Donnell. “When comparing the total number of recorded documents from January 2024 to January 2025, there is a notable 4% increase. This marks a promising start to the year relative to how last year started.”

The total number of deeds recorded for January 2025, which reflects both commercial and residential real estate sales and transfers, was 1,152, up 2% from January 2024, but down 16% from December 2024. This January, 508 commercial and residential properties sold during the month, up 5% compared to January 2024.

“The real estate market is showing encouraging signs as we begin 2025. This January, both commercial and residential sales and transfers demonstrated growth compared to the previous year,” noted Register O’Donnell. “Despite a typical seasonal dip from December, the real estate market is performing decently, particularly in certain neighborhoods and property types in area communities.”

The average sale price of commercial and residential properties for January 2025 rose to $1,267,251, a 25% increase compared to January 2024, but a decrease of 28% from December 2024. The total dollar volume of commercial and residential sales is also up, increasing by 32% from last year but down 46% from the previous month.

“Norfolk County is undeniably a sought-after location for both living and working, thanks to the vibrant communities and the dedicated efforts of municipal staff and leaders,” remarked Register O'Donnell. “However, with the limited property inventory unable to meet high demand, many would agree that the market poses challenges for buyers, particularly those purchasing their first home.”

In January, lending activity increased compared to the same month a year ago. A total of 1,141 mortgages were recorded in January 2025, up 19% from January 2024, but down 16% from December 2024. According to The Federal Home Loan Mortgage Corporation, average mortgage interest rate in January 2024 were between 6.62% and 6.69%, while in January 2025, they were between 6.91% and 7.04%.

“Despite a rise in average mortgage interest rates compared to January 2023, mortgage activity saw a notable increase this January compared to the same time last year,” noted Register O'Donnell. “The uptick in both property sales and mortgage recordings may suggest that potential homebuyers are more willing to enter the market, even with higher mortgage interest rates than in previous years.”

The Norfolk County Registry of Deeds has been closely monitoring the foreclosure market. In January 2025, there were 4 foreclosure deeds recorded as a result of mortgage foreclosures taking place in Norfolk County, less than the 11 recorded in January 2024. Also, in January 2025, there were 20 notices to foreclose, the first step in the foreclosure process, less than the 36 recorded in January 2024.

“There is no question that this reduction in the number 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 real estate market in Norfolk County is off to a decent start in 2025, with increases in both property sales and mortgage activity compared to the previous year. The year-over-year growth highlights the attractiveness and vibrant nature of our neighborhoods. This positive trend is encouraging for the future of our local real estate market. We look forward to continued growth and prosperity in the months ahead.”

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.

MassBudget: "Local Revenue is a Key Tool to Advance Housing Affordability"

via MassBudget:

"All residents of Massachusetts deserve access to affordable, safe, and stable housing. However, the Commonwealth currently faces a severe shortage of housing that is affordable to households earning lower incomes. Additionally, home prices have dramatically outpaced inflation, while renters, especially renters of color, continue to face high housing cost burdens. 

Cities and towns have the potential to make significant contributions toward meeting affordable housing needs, but they need the resources to do it.  Real estate transfer fees, which assess a fee on specific real estate sales, can create or preserve thousands of affordable housing units. Transfer fee revenue from high-end sales could fund local affordable housing trusts, which are often underfunded.

Transfer fees direct some of the economic gains from those who have most benefited from real estate appreciation to those who have most acutely felt the negative impacts of the housing affordability and displacement crises. In doing so, they are a tool for economic and racial equity. 

In a new report, MassBudget Housing Analyst Victoria DiLorenzo discusses how municipal affordable housing trusts create and preserve affordable housing locally, and how local revenue can be a key tool in addressing the Commonwealth’s housing affordability crisis. The report focuses on the 19 communities that have filed home rule petitions seeking state permission to enact a real estate transfer fee."  

Read the report -> https://massbudget.org/2025/02/13/local-revenue-affordable-housing/

MassBudget: "Local Revenue is a Key Tool to Advance Housing Affordability"

Register O'Donnell Reveals Norfolk County’s Top 10 Real Estate Sales of 2024

Norfolk County Register of Deeds William P. O’Donnell reported that during 2024, ten properties, a mix of commercial and residential, sold for more than $25.4 million with an average price of $78,823,200.

The following prices pertain to real estate sales from January 1, 2024, to December 31, 2024.

The ten properties were:

(10) 23-25 Bridge Street, Quincy, the 6-story, 60-unit apartment complex known as Hillside Residences, sold in March for $25,450,000;

 

(9) 2 Kay Way, Stoughton, a 118,200-square-foot manufacturing and warehouse facility built on 5.92 acres of land, sold in September for $26,100,000;

 

(8) 1 Richard A Stratton Way, Quincy, the five-floor, 89,507-square-foot Holiday Inn hotel, sold in May for $30,498,000;

 

(7) 1280-1300 & 1330 Boylston Street, Brookline, a 5.34-acre office park comprised of four commercial buildings totaling nearly 120,000 square feet, sold in May for $41,000,000;

 

(6) 122 & 130-132 Granite Street, Quincy, the 100,000-square-foot retail shopping plaza known as Granite Place, sold in May for $41,500,000;

 

(5) A multibuilding manufacturing facility totaling more than 212,000 square feet of space located at 10 & 20 Dan Road, Canton, sold in May for $50,000,000;

 

(4) 655 Washington Street, Weymouth, the 4-story, 160-unit luxury apartment complex known as Helix Apartments, sold in May for $62,645,000;

 

(3) 170-180 Main Street, Walpole, the 3-story, 161-unit Senior Living Community, known as New Pond Village, sold in August for $66,000,000;

 

(2) 33-39 Main Street, Medway, the 5-story, 190-unit high-end apartment complex built on 12.32 acres of land known as the Hathon, sold in December for $75,600,000;

(1) Upland Road, 1 Moderna Way, and 10 Forbes Drive, Norwood, Moderna purchased the 200,000-square-foot clinical development manufacturing facility they were renting from Alexandria Real Estate Partners in December for $369,439,000.

The top sales appear to have been a combination of apartment complexes, research labs, warehouses, manufacturing facilities, and office space. The state and Norfolk County collected excise taxes totaling more than $3,594,338 from these 10 sales.

Norfolk County’s Top 10 Real Estate Sales of 2024

“The variety in these real estate transactions bodes well for the Norfolk County economy, with high-value properties selling in both commercial and residential sectors,” stated Norfolk County Register of Deeds William P. O’Donnell. “This indicates that Norfolk County is not only a desirable place to live and work but also a magnet for business, industry, and trade. Overall, the dynamic real estate market in Norfolk County underscores its attractiveness and potential for continued growth and prosperity.”

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.

Register O’Donnell Reports on 2024 Annual Real Estate Activity in Norfolk County

Norfolk County Register of Deeds William P. O’Donnell reports that Norfolk County recordings for 2024 show greater real estate activity compared to 2023 with increases in both the total number of deeds and mortgages recorded.

In 2024, there were 103,165 documents recorded at the Norfolk County Registry of Deeds, a 1% increase from 2023. July was the busiest month in 2024 for real-estate activity with a total of 9,827 documents recorded. It also tied August with the highest increase in document volume compared to their respective months in 2023, up 14%.

“In 2024 we began to see some positive trends in real estate recording activity, with nine out of twelve months showing a rise in document recordings compared to 2023,” stated Norfolk County Register of Deeds William P. O’Donnell. “This higher volume of activity in 2024 is largely due to an increase in the number of deeds and mortgages recorded compared to 2023.”

The number of deeds recorded in 2024, which reflect real estate sales and transfers, both commercial and residential, was 15,795 an increase of 4% from 2023. The number of property sales was also up increasing 1% from the previous year. With a total of 899 transactions in one month, July had the highest number of property sales in 2024. Comparing months in 2023 to months in 2024, August showed the largest rise in property sales with an increase of 20%.

2024 Annual Real Estate Activity in Norfolk County

“The overall number of deeds recorded monthly in 2024 compared to 2023 reveals a consistent positive trend, with only two months out of the twelve showing fewer deed recordings than the previous year,” noted Register O’Donnell. “This indicates that the real estate market is performing decently, particularly in certain neighborhoods and property types in area communities.”

Property sale prices for 2024 appear to have increased slightly compared to 2023. The average sale price for all of Norfolk County, both commercial and residential, this year was $1,149,809 a 6% increase from 2023. December 2024 saw the largest increase from the same month in 2023, up 39%. The total dollar volume of commercial and residential sales for 2024 is also up, increasing by 7% from one year ago.

Follow this link to the Registry of Deeds website to watch this short segment on December 2024 real estate statistics that aired on Norwood Community Media: https://www.norfolkdeeds.org/news-event/december-2024-real-estate-stats-ncm

“There is no doubt that Norfolk County is a desirable place to live and work, a credit to all the communities and the municipal staff and leaders who have created such a vibrant area,” stated Register O'Donnell. “While many Norfolk County communities increased construction of new homes in 2024 the inventory of available property remains out paced by the demand, which can make it a difficult market for buyers, especially first-time home buyers.”

In 2024, Overall, Norfolk County’s lending activity increased compared to 2023. A total of 15,461 mortgages were recorded in 2024, up 6% from 2023. October had the largest increase in mortgage recordings compared to the same month in 2023, up 30%.

“2024 saw the average mortgage interest rate come down slightly, especially in late September and early October, and while rates may not have decreased as much as some would have liked, many individuals took advantage of the opportunity to refinance or take out new property loans resulting in a net increase in mortgage recordings in 2024 compared to 2023,” stated Register O'Donnell.

The Norfolk County Registry of Deeds has been closely monitoring the foreclosure market. In 2024, there were 87 foreclosure deeds recorded, as a result of mortgage foreclosures taking place in Norfolk County, whereas in 2023, there were 73 recorded. Also concerning is in 2024, there were 380 notices to foreclose, the first step in the foreclosure process, compared to the 339 recorded in 2023.

“We cannot begin to know all the causes that have contributed to these foreclosures and notices to foreclose, but what we do know is that a number of our neighbors have lost their homes, and even more are dangerously close to losing their homes,” said Register O'Donnell. “We all experience unforeseen events in our lives, and sometimes events beyond our control can have devastating emotional and financial effects, so 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.

“Over all the real estate market remained steady in 2024 with a slight rise in activity in the second half of the year compared to 2023.” O'Donnell continued, “As we move into 2025 we hope to see real estate activity continue to rise as we wait to see how mortgage interest rates and the inventory of available property impact the real estate market.”

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.

Franklin home prices surge during 2024

"The median sale price of single-family homes in Franklin, MA hit a record high of $727,000 in 2024. In the last 4 years, the median sale price of Franklin single-family homes has surged 44%, a value gain that was completely unforeseen by real estate experts at the start of the COVID pandemic in 2020.

The gain is all the more impressive given the sharp rise in mortgage interest rates that began in 2022. The current 30-year fixed-rate mortgage stands at an average of nearly 7%, more than double the 3% rate average last seen in January of 2022."

Continue to read the 2024 Franklin homes sales report as prepared by realtor Warren Reynolds. https://02038.com/2025/01/franklin-home-prices-surge/

Norfolk County Register of Deeds sees Increase in Property sales for December 2024

Norfolk County Register of Deeds William P. O’Donnell reported that Norfolk County recordings for the month of December 2024 indicate an increase in overall real estate activity compared to last year with increases in both the total number of deeds and mortgages recorded.

The Registry of Deeds recorded 8,798 documents in December 2024. This was 10% more than in December 2023 and a 6% increase compared to November 2024.

“In the fall and start of the winter months, we have seen some positive trends in real estate recording activity, which is largely due to a significant increase in the number of mortgages and deeds recorded compared to this period of time last year,” stated Norfolk County Register of Deeds William P. O’Donnell. “It will be interesting to see if this trend continues as we move further into the winter months.”

Increase in Property sales for  December 2024

The total number of deeds recorded for December 2024, which reflects both commercial and residential real estate sales and transfers, was 1,372, up 10% from December 2023 and up 3% from November 2024. This December, 672 commercial and residential properties sold during the month, up 6% compared to December 2023.

“Looking at the second half of 2024, recordings show a sustained increase in the overall number of deeds recorded year over year, reflecting a consistent interest in real estate in Norfolk County,” noted Register O’Donnell. “This indicates that the real estate market is performing decently, particularly in certain neighborhoods and property types in area communities.”

The average sale price of commercial and residential properties for December 2024 rose to $1,762,032, a 102% increase compared to December 2023 and an increase of 82% from November 2024. Moderna's purchase of two properties in Norwood, totaling nearly $370,000,000 has skewed the average sale price. Without these purchases, the average sale price is $1,212,271, an increase of 39% from December 2023. The total dollar volume of commercial and residential sales is also up, increasing by 114% from last year and up 86% from the previous month.

“There is no doubt that Norfolk County is a desirable place to live and work, a credit to all the communities and the municipal staff and leaders who have created such a vibrant area,” stated Register O'Donnell. “However, due to the limited inventory of available property not matching that demand, I think many would agree that it is a difficult market for buyers, especially first-time home buyers.”

In December, lending activity increased compared to the same month a year ago. A total of 1,355 mortgages were recorded in December 2024, up 21% from December 2023, but down 1% from November 2024.

“While average mortgage interest rates have started to creep back up from their late September low they are still below the levels seen this time last year. Despite the recent increase in interest rates some borrowers are still finding these rates appealing.” Register O'Donnell added, “The increase in mortgages can also be attributed to an increase in the number of property sales that took place in December 2024.”

The Norfolk County Registry of Deeds has been closely monitoring the foreclosure market. In December 2024, there were 6 foreclosure deeds recorded as a result of mortgage foreclosures taking place in Norfolk County, the same number recorded in December 2023. Also, in December 2024, there were 33 notices to foreclose, the first step in the foreclosure process, more than the 26 recorded in December 2023.

“We cannot begin to know all the causes that have contributed to these foreclosures and notices to foreclose, but what we do know is that a number of our neighbors have lost their homes, and even more are dangerously close to losing their homes,” said Register O'Donnell. “We all experience unforeseen events in our lives, and sometimes events beyond our control can have devastating emotional and financial effects, so 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.

“December's significant increase in the number of documents recorded at the Registry of Deeds compared to this time last year closes out the Norfolk County real estate market for 2024 on a positive note.” O'Donnell continued, “Property sales as well as mortgage recordings were up in December 2024, showing strong growth and demand in area communities. In the coming months, the inventory of available property and mortgage interest rate levels will continue to play a big role in determining the direction of the market.”

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.

Norfolk Country Registry: Total Deed and Mortgage Recordings up in November, 2024

Norfolk County Register of Deeds William P. O’Donnell reported that Norfolk County recordings for the month of November 2024 indicate an increase in the total number of deeds and mortgages recorded as compared to November 2023.

The total number of deeds recorded for November 2024, which reflects both commercial and residential real estate sales and transfers, was 1,333, up 5% from November 2023 and down 7% from October 2024.

“In the past five months, recordings show a sustained increase in the overall number of deeds recorded year over year, reflecting a consistent interest in real estate in Norfolk County,” noted Norfolk County Register of Deeds William P. O’Donnell. “This indicates that the real estate market is performing well, particularly in certain neighborhoods and property types in Norfolk County.”

Total Deed and Mortgage Recordings up in November, 2024

In November, lending activity also increased compared to the same month a year ago. A total of 1,372 mortgages were recorded in November 2024, up 17% from November 2023 and down 10% from the previous month.

“While average mortgage interest rates have started to creep back up from their late September low they are still below the levels seen this time last year. Despite the recent increase in interest rates, the market continues to draw in prospective homebuyers and borrowers.” Register O'Donnell added, “The trajectory of average mortgage interest rates will likely play a role in determining the number of individuals seeking to take out new mortgages or refinance existing mortgages.”

The Registry of Deeds recorded 8,336 documents in November 2024. This was 3% less than in November 2023 and a 13% decrease compared to October 2024. Following JPMorgan Chase's acquisition of First Republic Bank last year, November 2023 saw an uncharacteristic number of over 350 mortgage assignments recorded, slightly skewing the percentage of the total number of documents recorded for November 2024 compared to November 2023. The adjusted number shows a 1% increase in real estate activity in November 2024 compared to this time last year.

“It is encouraging to see that mortgage and deed recordings, the bulk of the documents recorded at the Norfolk County Registry of Deeds, continue to show increases year over year. It will be interesting to see if this trend continues as we move into the winter months,” stated Register O'Donnell.

The average sale price of commercial and residential properties for November 2024 rose to $969,585, a 1% increase compared to November 2023 but a decrease of 15% from October 2024. The total dollar volume of commercial and residential sales is down, decreasing by 2% from last year and down 26% from last month.

“There is no doubt that Norfolk County is a desirable place to live and work. It is a credit to all the communities and the municipal staff and leaders who have created such a vibrant area to live and work,” stated Register O'Donnell. “However, due to the limited inventory of available property not matching that demand, I think many would agree that it is a difficult market for buyers, especially first-time home buyers.”

The Norfolk County Registry of Deeds has been closely monitoring the foreclosure market. In November 2024, there were 2 foreclosure deeds recorded as a result of mortgage foreclosures taking place in Norfolk County, less than the 5 recorded in November 2023. In November 2024, there were 26 notices to foreclose, the first step in the foreclosure process, less than the 27 recorded in November 2023.

“There is no question that this reduction in the number foreclosures 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.

“November continued to show growth and demand in the real estate market, with increases in both mortgage and deed recordings,” concluded O'Donnell. “In the coming months, the inventory of available property and mortgage interest rate levels will likely play a big role in determining the direction of the market. Buyers, especially first-time home buyers, may continue to face challenges in finding affordable properties due to the high demand and limited inventory.”

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.

Register O'Donnell Reveals Norfolk County's Top Real Estate Sales of 2024's 3rd Quarter

Norfolk County Register of Deeds William P. O'Donnell reported that during the third quarter of 2024, ten properties, a mix of commercial and residential, sold for more than $9,000,000, with an average price of $24,620,888.

The following prices pertain to real estate sales from July 1, 2024, to September 30, 2024.

The ten properties were:

Top Real Estate Sales

10. A 6,081-square-foot, seven-bedroom, eight-bathroom mansion at 43 Heath Hill Street, Brookline, sold for $9,950,000 in July;

9. A series of 4-unit apartment buildings constructed in 1941 across nine separate lots on Summit Avenue and Bishop Road in Quincy sold for $10,000,000 in September;

8. The Canton Ice House, a 58,000-square-foot ice skating arena located at 65 North Street in Canton, sold for $10,000,000 in August;

7. 63 Kendrick Street, Needham, a two-floor, 105,000-square-foot office building with a mix of conference rooms, cubical space, and private offices, sold in August for $13,500,000;

6. 25 Sears Road, Brookline, an 11,786-square-foot, six-bedroom, eight-bathroom mansion built on 3 acres of land, was sold in August for $14,844,000;

5. The well-regarded wedding venue, The Lantana banquet hall, and popular Night Club Vincent's, both located near 43 Scanlon Drive, Randolph, sold in August for $20,714,881 as part of a multi-property deal;

4. 81 King Street, Cohasset, a 68,507-square-foot self-storage facility, sold in August for $25,100,000;

3. 2 Kay Way, Stoughton, a 118,200-square-foot manufacturing and warehouse facility build on 5.92 acres of land, sold in September for $26,100,000;

2. A multibuilding manufacturing facility totaling more than 212,000 square feet of space located at 10 & 20 Dan Road, Canton, sold in May for $50,000,000;

1. 170-180 Main Street, Walpole, the 3-story, 161-unit Senior Living Community, known as New Pond Village, sold in August for $66,000,000.

The top sales appear to have been a combination of private homes, apartment complexes, recreational, manufacturing, and office space. The state and Norfolk County collected excise taxes totaling more than $1,122,700 from these 10 sales.

"The variety in these real estate transactions bodes well for the Norfolk County economy, with high-value properties selling in both commercial and residential sectors," stated Norfolk County Register of Deeds William P. O'Donnell. "This also indicates that Norfolk County is not only a desirable place to both live and work but is also a magnet for business, industry, and trade."

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.

Norfolk County Registry: Deed and Mortgage Recordings up in October 2024

Norfolk County Register of Deeds William P. O'Donnell reported that Norfolk County recordings for the month of October 2024 indicate an increase in overall real estate activity, with increases in the total number of deeds and mortgages recorded as compared to October 2023.

The Registry of Deeds recorded 9,629 documents in October 2024. This was 5% more than in October 2023, and a 12% increase compared to September 2024.

"For the past four months we have seen a continued positive trend in real estate activity, which is largely due to a significant increase in the number of mortgages and deeds recorded each month this year from July through October compared to July through October 2023," stated Norfolk County Register of Deeds William P. O'Donnell. "This sustained increase in mortgage and deed recordings shows indications of growing real estate market activity. It will be interesting to see if this trend continues as we move further into the last quarter of 2024.

recordings for the month of October 2024 indicate an increase in overall real estate activity

The total number of deeds recorded for October 2024, which reflects both commercial and residential real estate sales and transfers, was 1,434, up 10% from October 2023 and up 10% from September 2024. This October, 758 commercial and residential properties sold during the month, up 13% compared to October last year.

"The positive growth in both the total number of deeds recorded and the number of property sales compared to last year is certainly encouraging. This indicates that the real estate market is performing well, particularly in certain neighborhoods and property types in Norfolk County," noted Register O'Donnell.

In October, lending activity increased compared to the same month a year ago. A total of 1,518 mortgages were recorded in October 2024, up 30% from October 2023 and up 14% from the previous month.

"While average mortgage interest rates have started to creep back up from their late September low they are still below the levels seen this time last year. Despite the recent increase, the market continues to draw in prospective homebuyers and borrowers." Register O'Donnell added, "If we see hints of a continued decrease in the federal funds rate, we may see lending activity continue to rise, as the Federal Reserve's decision to lower the federal funds rate has an indirect impact on mortgage interest rates."

The average sale price of commercial and residential properties for October 2024 rose to $1,135,838, a 17% increase compared to October 2023 and an increase of 18% from September 2024. The total dollar volume of commercial and residential sales is also up, increasing by 33% from last year and up 37% from last month.

"There is no doubt that Norfolk County is a desirable place to live and work, a credit to all the communities and the municipal staff and leaders who have created such a vibrant area," stated Register O'Donnell. "However, due to the limited inventory of available property not matching that demand, I think many would agree that it is a difficult market for buyers, especially first-time home buyers."

The Norfolk County Registry of Deeds has been closely monitoring the foreclosure market. In October 2024, there were 8 foreclosure deeds recorded as a result of mortgage foreclosures taking place in Norfolk County, more than the 6 recorded in October 2023. In October 2024, there were 32 notices to foreclose, the first step in the foreclosure process, more than the 21 recorded in October 2023.

"We cannot begin to know all the causes that have contributed to these foreclosures and notices to foreclose, but what we do know is that a number of our neighbors have lost their homes, and even more are dangerously close to losing their homes," said Register O'Donnell. "We all experience unforeseen events in our lives, and sometimes events beyond our control can have devastating emotional and financial effects, so 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.

"October was a great start to the third quarter of 2024, with the real estate market showing strong growth and demand, with a significant increase in mortgage and deed recordings," concluded O'Donnell. "In the coming months, the inventory of available property and mortgage interest rate levels will likely play a big role in determining the direction of the market. Buyers, especially first-time home buyers, may continue to face challenges in finding affordable properties due to the high demand and limited inventory."

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.

Norfolk County Registry of Deeds: Lower Mortgage Interest Rates Drive Increased Lending Activity

Norfolk County Register of Deeds William P. O’Donnell reported that Norfolk County recordings for the month of September 2024 indicate an increase in overall real estate activity, with increases in the total number of deeds and mortgages recorded as compared to September 2023.

 

The Registry of Deeds recorded 8,605 documents in September 2024. This was 6% more than in September 2023, and an 8% decrease compared to August 2024.

 

Norfolk County Registry of Deeds: Lower Mortgage Interest Rates Drive Increased Lending Activity

“The rise in real estate activity in September 2024 compared to September 2023 can be attributed to a significant increase in the number of mortgages recorded this month," noted Norfolk County Register of Deeds William P. O’Donnell. "Likely due to the availability of mortgages at interest rates, according to the Federal Home Loan Mortgage Corporation, not seen since September 2022.”

 

In September, lending activity increased compared to the same month a year ago. A total of 1,331 mortgages were recorded in September 2024, up 13% from September 2023 and down 8% from the previous month.

 

“The positive trend in the number of mortgages recorded compared to last year is a sign that the recent drop in mortgage interest rates has made borrowing more attractive for potential homebuyers and borrowers, especially considering that this time last year we were seeing 31% fewer deeds year over year." O'Donnell added. "The Federal Reserve's decision to lower the federal funds rate has an indirect impact on mortgage interest rates, so if hints of a continued decrease in the federal funds rate are seen, we may see lending activity continue to rise."

 

The total number of deeds recorded for September 2024, which reflects both commercial and residential real estate sales and transfers, was 1,301, up 4% from September 2023 and down 13% from August 2024.

 

"Lower mortgage interest rates can potentially open the market to additional buyers who previously may not have been able to afford a home. However, those who took out a mortgage at lower interest rates in 2020 and 2021 may still feel locked into their current mortgages, limiting the potential impact that the recent reductions in interest rates may have on home sales. It will be interesting to see how the housing market evolves in the coming months as these factors continue to play out."

 

The average sale price of commercial and residential properties for September 2024 rose to $960,254, an 11% increase compared to September 2023 but a decrease of 24% from August 2024. The total dollar volume of commercial and residential sales is also up, increasing by 9% from last year but down 41% from last month.

 

“While lower mortgage interest rates do help ease the burden of higher real estate costs, I think many would agree that it is a difficult market for buyers, especially first-time home buyers, due to the limited inventory of available property and an increase in property prices compared to previous years,” stated Register O’Donnell.

 

The Norfolk County Registry of Deeds has been closely monitoring the foreclosure market. In September 2024, there were 7 foreclosure deeds recorded as a result of mortgage foreclosures taking place in Norfolk County, more than the 5 recorded in September 2023. In September 2024, there were 28 notices to foreclose, the first step in the foreclosure process, less than the 33 recorded in September 2023.

 

“We cannot begin to know all the causes that have contributed to these foreclosures and notices to foreclose, but what we do know is that a number of our neighbors have lost their homes, and even more are dangerously close to losing their homes,” said Register O'Donnell. “We all experience unforeseen events in our lives, and sometimes events beyond our control can have devastating emotional and financial effects, so 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.

 

O’Donnell concluded, “There is no doubt that it is good to see that mortgage interest rates have come down significantly over the past month, and good to know that some progress has been made in making the dream of owning a home a more attainable goal. However, it remains to be seen if these lower rates will be enough to stimulate significant growth in the housing market, especially for those who are already locked into lower rates."

 

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.