August Sales Remain Strong While Mortgages Begin to Slow

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.

As many people have projected, the refinance market has slowed down. The number of mortgages recorded in August, were 24% lower than in August of 2012. We will continue to monitor that closely.

There is continuing good news on foreclosures. The number of foreclosure notices, the first document we see recorded in the foreclosure process, was down 80% from last year’s August recordings and foreclosure deeds were 48% lower than last August’s filings.

You will find more detail on each of these areas and a complete town by town listing of foreclosure deeds and notices for August,  in our August Register’s Report.