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.
Overall, with sales up, trending upward average sales prices and a rapidly declining foreclosure impact, 2014 is being looked at as another year of moderate improvements for the Plymouth County real estate market. While January and February are traditionally our months with the least activity with recordings, when the weather turns around, and we know it will, we expect increased activity!