Our hoped-for "Spring Market" showed some gradual improvements as evidenced by our April recording numbers for the Plymouth County real estate market, as reported in the April Register's Report.. Through April, sales are up 4 % over last year at this time, resulting in over $63 million in increased sales value.
Despite low interest rates, the refinance market continues to be well below last year's pace, resulting in a 50% downturn in mortgages recorded so far in 2014.
Our first quarter in 2014, as shown in our March Register's Report, came to an end last week at the Registry of Deeds and our numbers do not yet reflect what we hope will be a strong spring market. Whether this winter's affect on our marketplace will come to an end or we will continue to see slow and gradual improvements will become clear over the remaining months in our fiscal year, April, May and June.
Our Register's Report for January, 2014, shows many of the same trends that we saw near the end of 2013. Sales remain slightly higher, average sales prices are up and foreclosure activity remains low.
Clearly our refinance market that fizzled out during 2013 continues to remain at a very low pace. When you compare mortgages recorded in January, 2014 with mortgages recorded in January, 2013 we have seen a 56% decrease.
Our December Register's Report sums up what we see as gradual improvements to the Plymouth County real estate market during 2013. In particular, the increase in the sale of property and the continuing decline in foreclosure filings have strengthened our marketplace.
Register Buckley's Monthly Cable Show is now available on YouTube.
Our August Register’s Report is now available and although the 954 sales recorded at our office in August did not reach the 1000 sales level recorded in July, that level of sales activity is a positive sign for the Plymouth County real estate market. We have seen a 4% increase in sales volume through the month of August amounting to $1.899 Billion in total sales value–a 12% increase over las year at this time.