August Recordings Show Some Encouragement
Posted on: September 16, 2011 - 10:11pm
Our monthly report on real estate activity for August, 2011 is available. The increases in sales and mortgages are encouraging. While our overall sales volume is down 11% year-to-date, the 716 deeds recorded in August was the second highest number of deeds recorded in a month for a year.
In regards to foreclosure activity, you can see in the attachment to our monthly report the number of foreclosure deeds and foreclosure notices for each of Plymouth County’s twenty-seven communities. We remain 39% behind last year’s pace year-to-date in foreclosure deeds. The 130 foreclosure deeds recorded in August across the county may be an indicator that lenders are moving forward more aggressively with foreclosure proceedings.
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