Register’s Blog

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APPROACHING END OF 2014 WITH SALES INCREASED

By looking at our October and November reports, as we rapidly approach the end of 2014, you can see that the Plymouth County real estate market has seen signs of steady and gradual improvements. Sales of property have been higher than in 2013 by a modest but important 2%. The average sales price is up about 7%, leaving less homes underwater. 

TRANSITION TO FALL BRINGS MOSTLY GOOD NEWS

Real estate activity through August and September as shown through our monthly "Register's Report" show a continued moderate stabilization of the Plymouth County real estate market. Increased sales volume and declining foreclosure problems are clear evidence of this trend.

SALES VOLUME AND REFINANCE ACTIVITY STRONG

Sales activity remained strong during the month of July as 956 deeds were recorded at the Plymouth County Registry of Deeds. The total sales for calendar year 2014 through July was 4,787 deeds, 2% ahead of last year's pace. 

The number of mortgages recorded for July reflected an increase in the number of refinances picking up slightly. There were 1,749 mortgages recorded in July, the highest number of mortgages recorded in one month since October, 2013.

2014 Sales Strong Through June

As shown in our June Register's Report, the 977 deeds recorded in June show a steady pace of improvement to the Plymouth County real estate market through the first six months of 2014. There have been 3,923 deeds recorded so far in 2014 as compared to 3,785 deeds recorded at this point in 2013. That modest 4% increase is a significant and continuing trend that should carry through for the remainder of 2014.

Plymouth County Real Estate Market Remains Active In May

Our Register's Report for May, 2014 is showing a modest but steady increase in sales activity and few foreclosure filings which is good news for the Plymouth County real estate market. The 2% increase in sales so far this year combined with a 9%  increase in average sales value is also positive information.

Only 18 foreclosure deeds were recorded in May, the lowest number in many years. Foreclosure notices, a step in the process to a final foreclosure deed when a lender takes back title from an owner, are down 45% as compared to the first five months of 2013.

Sales Continue To Show Modest Improvements In April

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.

Spring Market Begins With Mixed Messages

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.

2013 Trends Continue Into 2014

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.

Plymouth County Real Estate Market Continues To Improve In 2013

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.

Registry Offices Closed on Veterans’ Day

The three Registry of Deeds offices, Plymouth, Brockton and Rockland, will be closed on Monday, November 11, 2013, in observance of Veterans’ Day.

The recording counters will re-open on Tuesday, November 12 at 8:30 a.m.

We are grateful for our military men and women and thank all Veterans for their service to our county.

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