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.
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.
