Our Register’s Monthly Report on real estate activity in Plymouth County during the month of April shows several positive signs as we enter a key period for marketing and selling real estate. Despite an extremely low inventory of available properties to list and sell, our office recorded 595 sales during the month of April. While our total sales year to date remain 6 % behind last year’s pace, our average sales price across the county was 7 % higher than last year at this time.
Our current historically low interest rates have continued to drive a healthy level of refinances. We are recording 4 % more mortgages than last year.
On another positive note, our foreclosure crisis, which has been a negative influence on our marketplace and forced many thousands of Plymouth County residents from their homes, appears to be waning significantly. Our foreclosure deeds are down 68 % and foreclosure notices are down 21% year-to-date. These are among the lowest numbers of filings since we began tracking these particular recordings after the banking crisis and resulting so-called Great Recession that began in 2008. While many organizations, such as the Warren Group, have declared victory over the foreclosure crisis, we will continue to monitor these filings very closely.
If you would like to compare the results of this months report with activity since January, 2010 , please go to the Register’s Monthly Report section on this website.