June 30th marked the end of Fiscal Year 2013 and the end of the first half of calendar year 2013 with many positive results in Plymouth County real estate. While the number of sales were slightly less than in 2012 for the first half of 2013, all other document filings showed a real estate market continuing to get stronger.
As we identify in more detail in our full Register’s Report for June, 2013 there were 3,785 deeds and 13,407 mortgages recorded through the end of June. Equally significant for the health of our communities was the significant drop in foreclosure activity. The number of foreclosure notices, the first document we see at the registry which demonstrates the property is in difficulty, dropped 33% compared to the first half of 2012. The drop in foreclosure deeds, the takeover of title by the lender, was even more dramatic–a 65% reduction from 2012.
As we enter the last two quarters of 2013, we are mindful of the possibility of Federal Reserve actions that so far have kept interest rates low, but continue to be optimistic about continued progress in our marketplace.